Mr Arkhom says the central bank must assess the economic recovery. If the central bank wants to raise the policy rate, it has to be confident the economy is in full recovery first, says Finance Minister Arkhom Termpittayapaisith. This year the US Federal Reserve is expected to raise its policy rate to tame rising inflation, said Mr Arkhom. Mr Arkhom said the government is focused on seven missions to push for economic expansion of 4% this year. Transactions via the country's digital payment platform PromptPay increased to 9.4 billion in 2021, rising by 10 times from 2017.

Source: Bangkok Post February 24, 2022 05:33 UTC