Thailand’s economy is expected to grow 3.6 percent this year, Bank of Thailand's governor said, adding that fiscal and monetary policy should prioritize stability rather than economic stimulus. | DYGalvezINQ
“Policy normalization will continue, but we will be cautious and monitor the situation,” Sethaput said.
The central bank has the tools to support the financial system in the event of any problems, he said. When asked about policies being proposed by political parties ahead of elections in May, he said economic stimulus was not necessary at the moment. “Fiscal and monetary policy needs to be normalized and prioritize stability … markets are ready to punish policies that don’t make sense, that upset stability,” he said.
Thailand will hold elections next month, with many parties promising handouts and giveaways, from cash transfers to raising the minimum wage.
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