Central Banks
Thai Central Bank Renews Case to Limit $14 Billion Stimulus
- Governor says there’s no need for across-the-board stimulus
- PM Srettha pushing cash handout to jumpstart Thai economy
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Thailand’s central bank remains firm in its opposition to a government plan to give nearly $14 billion in cash to almost all adult citizens to revitalize consumption activity, saying the prudent thing would be to focus on the needy.
With private consumption forecast to expand about 4% this year after a record growth of 7% last year, there’s no need to stimulate demand across the board, Bank of Thailand Governor Sethaput Suthiwartnarueput said in an interview on Tuesday.