Finance minister says monetary policy must be accommodativeFinance minister Arkhom Termpittayapaisith speaks in Parliament on June 9, 2021. (Parliament photo)Finance Minister Arkhom Termpittayapaisith said on Wednesday that monetary policy needed to be kept accommodative and be in step with fiscal policy to support the economy. Speaking to a business seminar organised by the Prachachart Thurakij business media group, the minister also said that exports should be able to underpin economic growth this year. "Monetary policy must be accommodative to allow fiscal policy to work," he said. The government will borrow domestically for now but may seek foreign loans if the economy recovers, Mr Arkhom said.
