Govt plans more stimulus, monetary policy flexibility
The government on Friday unveiled plans for fresh government stimulus as well as rule changes to improve monetary policy flexibility, stepping up efforts to cushion the blow from the novel coronavirus outbreak.
The latest stimulus would be funded by new borrowing and reallocation of the existing budget, and could be approved in a cabinet meeting on Tuesday, Deputy Prime Minister Somkid Jatusripitak said in a joint briefing on Friday. The overall planned package, including steps like loans, amounts to 10% of gross domestic product, he said.
