Bangkok, The Bank of Thailand does not oppose Digital Wallet, but if possible I would like to be specific to the group that is having difficulty. Worth the budget Points out that reducing interest rates is not the main tool to solve debt. Helps reduce short-term debt burden But the outstanding debt has increased in the long term. Ready to keep an eye on the Thai Bankers Association meeting this evening. Dr. Piti Disayathat, Assistant Governor Monetary Policy Line The Bank of Thailand (BoT) said at the Monetary Policy Forum No. 1/2024 after the Monetary Policy Committee (MPC) voted 5 to 2 to maintain the policy interest rate. at 2.50 percent per year on April 10, 2024, stating that interest is not the main tool for solving debt problems. It's just to help alleviate the problem. which in foreign countries Even though the flowers are reduced But it cannot solve the problem of high debt. Main factors to solve debt Must increase income from non-interest related forces such as improved exports Higher production. The MPC is ready to adjust interest rates. But we have to see if there are any big factors. Come in or not? And how sustainable is the impact? Is there enough impact on policy to make an adjustment? 0.25-0.50 doesn't have much effect on the big picture. In the case of the Thai Bankers Association Schedule a meeting this evening. After four banks representing the Thai Bankers Association met with the Prime Minister yesterday (April 23), if the focus is on helping vulnerable groups It is in line with the guidelines of the National Bank. to take care of this group since after COVID Depends on the Thai Bankers Association What measures will be taken? If it helps vulnerable groups, it's a good thing. It's a matter of market mechanisms. As for the 10,000 baht top-up project via Digital Wallet, the Bank of Thailand has no objections to the overall project. that the government will have measures to stimulate the economy But the matter of format, if possible I'd like to be specific. Help only groups that are in trou ble Worth the money and save budget and according to the framework that should be As for the action in which the government will use the financial resources from the BAAC, it must first be submitted to the Royal Decree for clear interpretation as to whether the financial resources can be used according to Section 28 of the Monetary and Fiscal Discipline Act or not. and depends on the BAAC board. The BoT is responsible for supervising general financial matters. does not have the authority to decide whether it can be done or not While Mr. Surat Thanboon, Senior Director The Monetary Policy Department of the BoT stated that the interest rate cut To help solve debt problems Helps reduce debt burden only in the short term. But it will result in an increase in outstanding debt in the long run. and increased debt Bank of Thailand Affects long-term economic growth, causing the Bank of Thailand to view that the current interest rate level of 2.50% is appropriate to help strengthen economic stability and support long -term risks. Source: Thai News Agency