Bank of Thailand to introduce assistance measures amid COVID-19 surge
BANGKOK (NNT) – The Bank of Thailand (BoT) is ready to introduce necessary assistance measures in addition to recent support schemes, which the government approved financial measures worth 350 billion baht to help business cope with the outbreak impact.
BoT Deputy Governor Ronadol Numnonda said the current Covid-19 outbreak was highly uncertain and the central bank is closely monitoring the situation and discussing with relevant agencies to help retail debtors through support measures and debt mediation.
According to the BoT, monetary policy will ensure that financial conditions are no obstacles to the economic recovery. The BoT has kept its policy rate at a record low of 0.50% since mid-2020 and will next review policy on May 5.
The central bank recently said Thailand’s economy could grow less than its forecast of 3.0% this year after the new outbreak.