BANGKOK (Reuters) – Thailand’s current policy rate is neutral and while economic growth will be slower than expected this year, the current state of the economy was not a crisis, its central bank chief told Reuters on Tuesday.
Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput said he had no concern about negative inflation, and added the government’s short-term stimulus measures will not solve the country’s economic problems as structural issues were holding back growth.
“What we’re seeing is a recovery that is there, but is slower than expected. That’s not the same thing as a crisis,” Sethaput said in an interview, referring to the government calling the sluggish performance a crisis.
(Reporting by Kay Johnson, Orathai Sriring and Devjyot Ghoshal; Writing by Martin Petty; Editing by Kanupriya Kapoor)
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