BANGKOK ― Thailand's current potential economic growth rate of 3 percent is not satisfactory and prolonged below-target inflation is dangerous for the economy, a deputy finance minister said on Monday.
BANGKOK ― Thai land's current potential economic growth rate of 3 percent is not satisfactory and prolonged below-target inflation is dangerous for the economy, a deputy finance minister said on Monday.Paopoom Rojanasakul made the comments on a local YouTube channel where he blamed fiscal and monetary policies not working well enough together for growth not yet reaching its potential.'We still don't work well enough together ... so don't work as they should,' he said.
Despite the pressure to ease policy, the BoT held its key interest rate steady at 2.50 percent for a fourth straight meeting last month, the highest level in over a decade, saying the level was consistent with the economy and inflation.Last week, BoT Governor Sethaput Suthiwartnarueput said there was no need currently to cut the key rate but the central bank was ready to adjust it if the outlook shifted.
Potential Economic Growth Rate Of 3% Not Satisfactory
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