Thailand plans stimulus as 2024 growth seen low at 2.5%, Finance Minister says

BANGKOK -Thailand plans stimulus measures in the short term to jumpstart its economy, which is expected to grow just 2.5% this year when it should be expanding at least 3.5% annually, the finance minister said on Monday.

Prime Minister Srettha Thavisin has urged the central bank to cut interest rates to help economic activity, but the central bank has refused to bow to pressure, keeping rates at a more than decade-high of 2.50%. The next interest rate review is on June 12. The government expects revenue to increase by 10 billion baht in the fiscal year from its original projections, he said.

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