Paopoom looks for more assistance from monetary policy

Thai monetary policy must “step on the gas” to help support the economy, which has been affected by US reciprocal tariff threats, says Deputy Finance Minister Paopoom Rojanasakul.

- WICHIT CHANTANUSORNSIRI

He said monetary policy is not only about policy interest rates, but also includes measures such as credit distribution, injecting liquidity into the economic system or easing certain conditions to incentivise banks to lend.

In the past, the Finance Ministry called for the relaxation of loan-to-value criteria, and eventually the Bank of Thailand did ease these conditions, although it took a long time for consideration.

Regarding the responsible lending framework, Mr Paopoom said it may need to be reviewed for deployment during a more suitable period.