BOT's three-year strategy focuses on stability in volatile financial environment

The three-pronged plan is aimed at helping Thailand achieve the sustainable development goals. The BOT considers that  challenges will increase over the coming years thanks to a financial environment now marked by volatility, uncertainty, complexity and ambiguity. The US Fed has hiked the benchmark interest rate, while liquidity in global markets remains high as central banks in many countries continue to embrace the policy of monetary easing.

Disruptive technology is also increasing challenges to the financial market, which means the BOT must develop its regulation to comply with the evoluation of digital banking and FinTech.