(Bloomberg) -- Thailand’s central bank remains firm in its opposition to a government plan to give nearly $14 billion in cash to almost all adult citizens to...
-- Thailand’s central bank remains firm in its opposition to a government plan to give nearly $14 billion in cash to almost all adult citizens to revitalize consumption activity, saying the prudent thing would be to focus on the needy.I Didn’t Think Biden Affected Crime Rates. I Was Wrong.
“If you want to do the scheme, it is better to do it in a targeted way and also a smaller way,” Sethaput said. “We don’t see the need to try to stimulate consumption across the board.”Even as private consumption boomed with a recovery in tourism, vulnerable and lower income households were still reeling from the pandemic impact and in need of help, according to the governor.
As the banking regulator, the BOT has advised the government to ensure that the move to borrow 172 billion baht from the Bank for Agriculture and Agricultural Cooperatives to fund the digital wallet doesn’t hurt the lender’s safety and liquidity, Sethaput said. Australia’s main opposition party on Wednesday announced plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy sources including solar, wind turbines and green hydrogen would not work. The policy announcement ensures the major parties will be divided on how Australia curbs its greenhouse gas emissions at elections due within a year.
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Thai Central Bank Renews Case to Limit $14 Billion Cash StimulusThailand’s central bank remains firm in its opposition to a government plan to give nearly $14 billion in cash to almost all its adult citizens to revitalize consumption activity, saying the prudent thing would be to limit assistance to the needy.
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