Thai central bank calls for fiscal policy

Bangkok

THAILAND'S central bank said the country's military government should use revenue and spending tools to stimulate the recovering economy before turning to monetary policy, dampening expectations for a cut in interest rates for now.

"The impact of monetary policy will not be big, unlike that of fiscal policy. If we have another option, we should use it. Cutting rates should be done when other tools can't help," Bank of Thailand governor Prasarn Trairatvorakul told reporters on Saturday.