Given the severity of the pandemic-driven downturn, Governor Veerathai Santiprabhob (pic) said his “personal view is that the 60% public debt-to-GDP limit can be relaxed.
BANGKOK: Thailand’s outgoing central bank governor said public debt restrictions should be eased to allow the government to spend more as monetary policy options dwindle with interest rates already at an all-time low.
Given the severity of the pandemic-driven downturn, Governor Veerathai Santiprabhob said his “personal view is that the 60% public debt-to-GDP limit can be relaxed.” The limit was set up during “normal times” and the level isn’t high compared to other emerging markets, he said on Tuesday in an interview with Bloomberg Television’s Haslinda Amin.
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