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Thai Prime Minister Sreta Tavisin has announced plans to distribute 10,000 baht to 50 million Thais through a $14.3 billion “digital wallet” to stimulate the economy, which will be implemented in May. This landmark policy aims to boost the annual growth rate of Southeast Asia’s second-largest economy to at least 5%.
Despite being questioned by economists and former central bank governors for potentially irresponsible and exacerbating inflation, the prime minister said he would discuss digital wallets and other issues with the central bank. He criticized the central bank for raising interest rates amid low inflation and stressed that dialogue is the key to resolving differences.
Thailand’s headline consumer price index fell by 0.83% in December, exceeding the central bank’s inflation target.
(Source: Reuters Image source: freepik)
