Thai policy rate is right for now, Mideast war is a concern - central bank chief
© Reuters. Bank employees gather Thai baht notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha
Sethaput Suthiwartnarueput told reporters on Saturday that Southeast Asia's second's largest economy is still expected to grow close to forecast of 2.8% this year although third-quarter growth might be softer than expected. Sethaput said the Bank of Thailand is concerned about the fallout from the conflict in the Middle East.
"The rate is appropriate for this period... But if the situation changes significantly from our forecasts, our set framework, there will be adjustments."
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