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.
