Bank of Thailand Revises Growth Forecast Upward
8 Articles
8 Articles
Bank of Thailand revises growth forecast upward
The Bank of Thailand now sees the economy growing by 2.1% this year — an improvement from a previous forecast of just 1.5% — partly due to the government’s decision to borrow 400 billion baht, according to governor Vitai Ratanakorn.
The emergency decree authorizing a 400 billion baht loan has been signed into law. Anutin Charnvirakul pledged that the funds are for the people, transparent, and accountable, emphasizing that there will be no compromises and that he will oversee the process to prevent misuse. He also stated that the loan will be denominated in Thai baht and has low interest rates.
Thai cabinet approves 400 billion baht loan to combat the Middle East War energy crisis and inflation
฿400 billion emergency loan approved as energy crisis drives inflation to a 38-month high. Opposition warns of rising debt, weak oversight and unclear planning amid… Read More › The post Thai cabinet approves 400 billion baht loan to combat the Middle East War energy crisis and inflation appeared first on Thai Examiner.
Anutin reveals he has signed the Emergency Decree on borrowing, affirming it's for the people, emphasizing transparency in how funds reach the public, and stressing the need for no compromises or under-the-table deals. He stated the government is using low-interest baht loans to boost money circulation and improve people's quality of life. At 6:10 PM on May 6th at Government House, Prime Minister and Minister of Interior Anutin Charnvirakul gave…
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