Rate cuts to take priority next year

Quick Summary:

Monetary policy should take a central role in driving economic growth next year, while fiscal policy diminishes as a tool to address the fiscal deficit, says Supavud Saichuea, chairman of the National Economic and Social Development Council.

Although the government and central bank may have differing views, they can still collaborate effectively to support the Thai economy," said Mr Supavud.

The Fed is expected to reduce its policy rate twice in the first half of 2025.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Inflation Fiscal Monetary Year Policy Economy Economic Rate Supavud 2025 Thai

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 05:11:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24522804

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Official Website: bangkokpost.com

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