Thai Central Bank Chief Sees Some Risks From Political Promises
- Stability — not stimulus — is critical now, governor says
- Top parties’ promises total $91 billion/year, analysis shows
Sethaput Suthiwart-Narueput
Photographer: Nicolas Axelrod/BloombergThis article is for subscribers only.
Thailand’s central bank governor said the nation’s main political parties are trying to woo voters with policies that could undermine the country’s longer-term economic health.
“Any policies that hurt fiscal discipline — creating moral hazard, destroying credit culture — need to be monitored as they can be risky,” Bank of Thailand Governor Sethaput Suthiwartnarueput told reporters Monday when asked to comment on promises by the nation’s politicians ahead of the May 14 vote. “The most important thing now is not stimulating the economy, it’s preserving our stability.”