Speaking in a business forum, entitled "Toward Thai economic Recovery" held by The Nation, the finance minister also believes political uncertainty would subside over the next three months.

He said the central bank had just in April reduced policy rate.

But with inflation rate as low as 1.8 per cent as of April, still low compared to around 6 per cent the mid of last year, there is room for further cut of policy rate which is currently at 4.5 per cent.

However, the rate cut decision depend on the Bank of Thailand, he said.

In addition, the Finance Ministry would soon find way for tax measure to help boost economy. He said there are also measures to help boost other sectors including property when asked by some audiences of how the government would help prop up real estate sector.

Chalongphob believes Thai economic fundamental is still strong and foreign investors are still confident in Thai market. Once political uncertainty subsides, the economy will recover.

by Wichit Chaitrong

The Nation