Jump to content

BOT ready to deal with strengthening baht: Arkom


Recommended Posts

BOT ready to deal with strengthening baht: Arkom

By THE NATION

 

800_9e7504acdc8d37d.jpeg?v=1606353965

 

The Bank of Thailand (BOT) is ready to deal with a strengthened baht to support exporters, Finance Minister Arkom Termpittayapaisith said on Wednesday.

 

“The baht has strengthened at a high rate and the BOT will take more steps to control this,” he said at the Bangkok Post International Forum 2020.

 

Arkom said financial policies next year will focus on investment to prepare Thailand for the time when its economy recovers fully from the Covid-19 crisis.

 

Digital technology, environment and health will help economic recovery, he said.

 

Arkom promised that the government would be careful when borrowing money.

 

He also said his ministry would reform the tax system.

 

The minister said the second phase of the “Khon La Krueng” campaign will launch from January 1 and is expected to stimulate domestic consumption in Thailand, increasing the gross domestic product (GDP) by at least 3.5 per cent next year.

 

He mentioned that Thai GDP in 2020 will contract around 6 per cent, while the International Monetary Fund predicted it would contract by 7.1 per cent.

 

Source: https://www.nationthailand.com/news/30398595

 

nation.jpg

-- © Copyright The Nation Thailand 2020-11-26
 
  • Confused 1
Link to post
Share on other sites
48 minutes ago, webfact said:

“The baht has strengthened at a high rate and the BOT will take more steps to control this,” he said at the Bangkok Post International Forum 2020.

Yes more meetings and more talk .

Link to post
Share on other sites

All talk and no action.

A bunch of incompetent administrators bowing to the billionaire elite that need a high baht for theiir activities.

I feel that the finance minister that they poached from the private sector knew what to do but his underling

refused to co-operate , so he resigned after a month.

  • Like 1
Link to post
Share on other sites
10 hours ago, webfact said:

Arkom said financial policies next year will focus on investment to prepare Thailand for the time when its economy recovers fully from the Covid-19 crisis

There is no Covid crisis in Thailand, the economic issues are here to stay... or get worse.

  • Like 1
Link to post
Share on other sites

And the adjacent story is: Baht weakens, analyst advises investors to monitor market direction.

 

Stop this nonsense. Baht up, baht down, defending the falling baht, controlling the rising baht. At least everyone try to sing from the same songsheet....

  • Like 1
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...