Thai central bank sees policy focus on stability, maintains 2023 GDP forecast
newscatcher
2023-04-10 06:30
Thai central bank sees policy focus on stability, maintains 2023 GDP forecast
BANGKOK – Thailand's economy is expected to grow 3.6 percent this year, Bank of Thailand (BOT) governor Sethaput Suthiwartnarueput said on Monday, adding that fiscal an monetary policy should prioritize stability rather than economic stimulus. 'The economy is resilient and is able to withstand multiple shocks,' Sethaput told TV channel JKN-CNBC. The economy grew 2.6 percent last year. The BOT last month raised interest rates a quarter a percentage point to 1.75 percent. The BOT has raised its key rate by a total of 125 basis points since August, less aggressive than many of its regional peers.

https://business.inquirer.net/395172/thai-central-bank-sees-policy-focus-on-stability-maintains-2023-gdp-forecast

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