ContextSpeech at the Bangkok Digital Finance Conference on building an ASEAN financial corridor; the Bank of Thailand keeps finance stable and promotes safe digital payments across the region.
Why it mattersThe Thai governor sets out principles for regional digital payments and tokenisation, aiming to avoid fragmentation across ASEAN.
Problems raised
Digital finance could undermine the fundamentals of money.
Tokenisation could create fragmentation.
Regional standards are lacking.
Solutions proposed
Build the ASEAN financial corridor.
Set governance and common standards.
Make regional payments open, interoperable and trusted.
ContextSpeech at the Central Banking Summer Meetings in London; the Bank of Thailand keeps prices and finance stable and must adapt to digital payments and new forms of money.
Why it mattersThe Thai governor discusses how new forms of money need central bank oversight to keep public trust.
Problems raised
Money is changing fast with new initiatives.
Trust in private money needs oversight.
Supply shocks increase inflation volatility.
Solutions proposed
Keep strong regulatory and supervisory frameworks.
Allow private providers under central bank oversight.
ContextTalk to the Japanese Chamber of Commerce in Bangkok, the speaker's fifth visit there; the Bank of Thailand keeps prices and finance stable and faces weak growth.
Why it mattersThe Thai governor defends gradual reduction of high household debt rather than quick stimulus.
ContextDinner talk at the Association of International Banks in Bangkok; the Bank of Thailand keeps prices and finance stable and faces slow growth and high household debt.
Why it mattersThe Thai governor argues that household debt needs income growth, not just restructuring.
ContextKeynote address by Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, at the Stock Exchange of Thailand: Thailand Focus 2023 "The New Horizon", Bangkok, 23 August 2023.
Why it mattersThe governor introduces responsible lending rules to address household debt.
ContextWelcome remarks by Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, at the BIS-BOT conference on "Central banking amidst shifting ground", Bangkok, 2 December 2022.
Why it mattersThe Thai governor argues that mandates and independence face new pressure.
ContextSpeech at the Budapest Eurasia Forum 2022, hosted by the Hungarian central bank; the Bank of Thailand keeps prices and finance stable and faces a shifting global landscape.
Why it mattersThe Thai governor discusses how small open economies can adapt to reglobalisation.
ContextSpeech at the Thailand Focus investor conference at the Grand Hyatt Erawan in Bangkok; the Bank of Thailand keeps prices and finance stable and begins to normalise policy.
Why it mattersThe Thai governor plans gradual normalisation after the pandemic.
