![]() ![]() ![]() 2, with some economists expecting a further interest rate hike while others have forecast a pause owing to falling inflation. The central bank's next review of monetary policy is on Aug. It has forecast economic growth of 3.6% this year and 3.8% in 2024. ![]() The central bank has said that a gradual tightening strategy will help to ensure continued recovery in Southeast Asia's second-largest economy, driven by tourism and private consumption. "There won't be any fast and aggressive rate hikes like in other countries." However, the rate is still "low and probably the lowest" in Southeast Asia, which will help future investment, the central bank's Mathee Supapongse told a business seminar. The Bank of Thailand raised its main interest rate (THCBIR=ECI) six times since August to 2% to tame inflation and policymakers have pledged a gradual return to normal levels consistent with long-term economic growth prospects. BANGKOK, June 25 (Reuters) - Thailand's policy interest rate remains low and further tightening will be gradual to curb inflation risks as the economy continues to recover, a deputy central bank governor said on Sunday. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |