BANGKOK, Thailand – Sethaput Suthiwartnarueput, the Governor of the Bank of Thailand (BOT), stated that the two consecutive interest rate cuts have been sufficient to support Thailand’s economy in facing potential economic challenges. However, he emphasized that if there is a change in the economic outlook, the BOT is prepared to make further adjustments.
He noted that the current policy is enough to mitigate the anticipated slowdown, but if the economic situation changes, the BOT is ready to act accordingly.
At the same time, Deputy Finance Minister Phaopoom Rojanasakul remarked that the global economic situation has become more uncertain, largely due to the trade policies of the United States. These external factors have had widespread global impacts, and while it is too early to evaluate the effects on Thailand, the country is likely to lose some momentum.
Phakapoom assured that the government is managing the economy cautiously, preparing for potential impacts while making prudent budget decisions. The government will ensure that the fiscal budget is used efficiently and effectively to support the country’s economic resilience. Measures are being taken to bolster domestic economic growth and provide aid to the public, as well as to assist SMEs affected by the global situation. The government is also focusing on investing in small-to-medium infrastructure projects to help sustain economic stability.
