BoT advocated targeted fiscal support, minutes show
Record of April meeting published after government approves billions in borrowing for cost-of-living relief
Monetary policy-makers in Thailand said fiscal responses to the effects of the Middle East conflict should be targeted, minutes of the central bank’s April 24–29 meeting published on May 13 showed.
The minutes were published shortly after the government confirmed that a 400 billion baht ($12.3 billion) package of extra borrowing for consumer stimulus programmes, first announced on May 5, would go ahead.
A Bank of Thailand (BoT) spokesperson told Central Banking today that its macroeconomic
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