Bank of Thailand (BOT) governor Vitai Ratanakorn has posted a review of the past year’s work, stressing that structural problems require sustained action and cannot be resolved through a single programme or by one agency.
He emphasised that addressing these problems must involve practical action, beyond analysis or publicity.
The BOT continues to fulfil its core responsibilities for price stability and the stability of the financial institution and payment systems.
It has also expanded its role in supporting the economy and addressing structural problems amid an uneven recovery.
Over the past year, the central bank revised its strategic direction and pursued an accommodative monetary policy, cutting the policy interest rate twice…