BoT: Fiscal policy should play bigger role in helping economy recoverFiscal policy should play a greater role to helping the economy recover from the impact of the coronavirous pandemic, the governor of the Bank of Thailand said on Friday. The benchmark interest rate, a major tool in monetary policy, is already at a record low. The central bank will focus on assisting with debt restructuring, BoT governor Veerathai Santiprabhob told reporters after the launch of a debt restructuring programme for businesses. Earlier this month, the central bank left its key rate unchanged at 0.50% after three cuts this year so that policy room could be used at the most effective time.

Source: Bangkok Post August 21, 2020 05:15 UTC