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PM orders all ministries to introduce measures for economic solution

Prime Minister stated reduction of interest rate is a good measure, but would also like to see monetary stability especially the Baht value that is competitive comparing to the neighboring countries.

May 21, 2013, at 1300hrs, in front of the Cabinet Secretariat Building, Prime Minister Yingluck Shinawatra gave an interview regarding the report by National Economics and Social Development Board (NESDB) on the GDP percentage growth in the first quarter of 2013 that the Government had been following up with the situation and all ministries, particularly Ministry of Finance, were instructed to introduce their own measures for economic solution and report to the central agency for compilation of information in order to determine what more to be done, and for further report to the Cabinet.

On a rumor that the NESDB and the Government were trying to pressure the Bank of Thailand to cut the policy interest rate, PM Yingluck clarified that the NESDB was only obligated to report the facts, while the decision would be made by the Monetary Policy Committee based on the information. No matter how, all concerned parties must work together to push forward the growing nation.

PM Yingluck added that reduction of interest rate is a good measure to ensure Baht stability and competitiveness comparing to the neighboring countries which was exactly what the Thai entrepreneurs needed.