{"id":4763,"date":"2023-04-10T04:38:10","date_gmt":"2023-04-10T04:38:10","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/thai-central-bank-sees\/"},"modified":"2023-04-10T04:43:54","modified_gmt":"2023-04-10T04:43:54","slug":"thai-central-bank-sees","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/thai-central-bank-sees\/","title":{"rendered":"Thai central bank sees policy focus on stability, maintains 2023 GDP forecast"},"content":{"rendered":"<p>BANGKOK (Reuters) &#8211;     Thailand&#8217;s economy is expected to grow 3.6% this year, Bank of Thailand (BOT) governor Sethaput Suthiwartnarueput said on Monday, adding that fiscal an monetary policy should prioritize stability rather than economic stimulus. <\/p>\n<p>&#8220;The economy is resilient and is able to withstand multiple shocks,&#8221; Sethaput told TV channel JKN-CNBC. The economy grew 2.6% last year.<\/p>\n<p>The BOT last month raised interest rates a quarter a percentage point to 1.75%<\/p>\n<p>The BOT has raised its key rate by a total of 125 basis points since August, less aggressive than many of its regional peers.<\/p>\n<p>&#8220;Policy normalisation will continue, but we will be cautious and monitor the situation,&#8221; Sethaput said.<\/p>\n<p>The central bank has the tools to support the financial system in the event of any problems, he said.<\/p>\n<p>When asked about policies being proposed by political parties ahead of elections in May, he said economic stimulus was not necessary at the moment. <\/p>\n<p>&#8220;Fiscal and monetary policy needs to be normalized and prioritize stability &#8230; markets are ready to punish policies that don&#8217;t make sense, that upset stability,&#8221; he said.<\/p>\n<p>Thailand will hold elections next month, with many parties promising handouts and giveaways, from cash transfers to raising the minimum wage. <\/p>\n<p \/>\n<p> (Reporting by Chayut Setboonsarng and Satawasin Staporncharnchai; Editing by Ed Davies)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/thai-central-bank-sees\/file-photo-thailands-central-bank-is-seen-at-the-bank\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3902W-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3902W-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BANGKOK (Reuters) &#8211; Thailand&#8217;s economy is expected to grow 3.6% this year, Bank of Thailand (BOT) governor Sethaput Suthiwartnarueput said on Monday, adding that fiscal an monetary policy should prioritize stability rather than economic stimulus. &#8220;The economy is resilient and is able to withstand multiple shocks,&#8221; Sethaput told TV channel JKN-CNBC. The economy grew 2.6% [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":4764,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-4763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3902W-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/4763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=4763"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/4763\/revisions"}],"predecessor-version":[{"id":4765,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/4763\/revisions\/4765"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/4764"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=4763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=4763"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=4763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}