{"id":9740,"date":"2023-04-10T10:37:47","date_gmt":"2023-04-10T08:37:47","guid":{"rendered":"https:\/\/investmentbell.com\/?p=9740"},"modified":"2023-04-10T10:49:45","modified_gmt":"2023-04-10T08:49:45","slug":"thai-central-bank-sees-policy-focus-on-stability-maintains-2023-gdp-forecast","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/pt_pt\/news\/market-overview-news\/thai-central-bank-sees-policy-focus-on-stability-maintains-2023-gdp-forecast\/","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\n\n\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\n\n\n<p>The BOT last month raised interest rates a quarter a percentage point to 1.75%<\/p>\n\n\n\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\n\n\n<p>&#8220;Policy normalisation will continue, but we will be cautious and monitor the situation,&#8221; Sethaput said.<\/p>\n\n\n\n<p>The central bank has the tools to support the financial system in the event of any problems, he said.<\/p>\n\n\n\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\n\n\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\n\n\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<div class=\"rate-now\"><span id=\"rate-mypost9740\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost9740').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","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>","protected":false},"author":13,"featured_media":9741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":{"0":"post-9740","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-overview-news"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/pt_pt\/wp-json\/wp\/v2\/posts\/9740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/pt_pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/pt_pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/pt_pt\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/pt_pt\/wp-json\/wp\/v2\/comments?post=9740"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/pt_pt\/wp-json\/wp\/v2\/posts\/9740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/pt_pt\/wp-json\/wp\/v2\/media\/9741"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/pt_pt\/wp-json\/wp\/v2\/media?parent=9740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/pt_pt\/wp-json\/wp\/v2\/categories?post=9740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/pt_pt\/wp-json\/wp\/v2\/tags?post=9740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}