At Government House, Governor Sethaput Suthiwartnarueput and Prime Minister Srettha Thavisin had a coffee-related discussion about financial issues.
The closed-door conference, which lasted for more than 30 minutes, came after both sides disagreed on how to carry out specific financial measures to support the Thai market, including the government’s proposal to distribute 10, 000 baht in online currency to people 16 and older.
” The BOT government and the prime minister talked about reducing the system’s debt.” The state has only recently begun to address debt from unauthorized financing. According to the cause, the prime minister gave the governor of the central banks a homework assignment on how to manage household debt.
According to central bank data, Thailand’s household debt totaled 16.1 trillion baht in the second quarter of last year, or 90.7 % of the total gross domestic product ( GDP ).
Updates on economic policies, legislation interest rates, and home debt were among the topics Srettha and Sethaput discussed, according to the source.
The BOT’s plan interest rates were reported to the prime minister by the government of the central banks. According to the source, PM Srettha—who also serves as the fund minister—did never try to get involved because he was conscious of the autonomy granted by the central bank.
According to the cause, the prime minister told the BOT government that people he met while on municipal trips frequently griped about their debts. According to the cause,” The prime minister shared the information about the debt issue because the central bank might not have met with the people.”
