Bangkok: Mr. Vitai Ratanakorn, Governor of the Bank of Thailand (BOT), has taken steps to bridge the gap with the private sector by engaging in discussions aimed at bolstering the economy.

According to Thai News Agency, the Bank of Thailand announced that today, Chairman Poj Aramwattananont, along with the Board of Directors of the Thai Chamber of Commerce and the Board of Trade of Thailand, met with Governor Vitai Ratanakorn and BOT executives. The meeting facilitated an exchange of views on the overall economy, addressing key issues such as the impact of US import policies, the current situation of the baht, and improving SME access to credit. They also discussed the Bank of Thailand’s key policy directions moving forward.

Both parties explored cooperative strategies to propel the economy and confront various challenges. A significant focus was placed on supporting the adaptation of SMEs and key business sectors, with both short and long-term measures being considered.

A news report from the Federation of Thai Industries (FTI) indicates that another meeting with Mr. Vitai is scheduled for October 21st. This upcoming discussion will concentrate on strategies to mitigate the effects of US tariffs and the trade war, enhance financial liquidity, address SME debt issues, and tackle concerns related to the strengthening baht.