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.
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.
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 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.
It has forecast economic growth of 3.6% this year and 3.8% in 2024. The economy expanded 2.6% last year. The central bank's next review of monetary policy is on Aug. 2, with some economists expecting a further interest rate hike while others have forecast a pause owing to falling inflation.is trending down there is a need to monitor demand-side pressures and increases in costs pass through as tourism gathers strength, Mathee said.Move Forward and Pheu Thai have agreed to form a
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tropical Storm Cindy forms, Bret to dissipate by SundayCindy is the third named storm of the season, as Bret is projected to weaken as it goes through the Caribbean.
Read more »
LIVE SUNDAY: Watch San Francisco Pride parade exclusively on ABC7If you can't make it in person, we have you covered! ABC7 is the only place you can watch live coverage of the 2023 San Francisco Pride Parade.
Read more »
At immigrant-run celebrity hot spots, Tinseltown, Thai Town and Koreatown collideL.A.'s Hollywood hot spots are immigrant-run restaurants, like Jitlada and Park's Barbecue.
Read more »
How to have the best Sunday in L.A., according to Hannibal Buress (a.k.a. Eshu Tune)On his ideal Sunday, Hannibal Buress would hit the 1-3 pocket at his favorite bowling alley, check out who's playing at Moroccan Lounge and get inspired at Wisdome LA.
Read more »
Coast Guard knew Titan sub imploded Sunday, but continued search anyway — here’s whyA US Navy official said the intel was immediately shared with the command post. However, the information was “not definitive,” so a decision was made to “make every effort to save…
Read more »
Tornado destroyed home in Logan County on Wednesday, more flooding expected SundayA tornado that touched down west of Sterling on Wednesday destroyed a house, garage and trees around the property a day before another destructive tornado hit Highlands Ranch. NWS said 2-5 tornadoes impacted the Sterling area Wednesday. COwx
Read more »