Business

Thai growth forecasts may need to be revised down – central bank chief

  By Reuters and published by CNA THAILAND’S economy continues to recover, helped by tourism and consumption, though the growth forecast may need to be revised down with exports weak this year, the central bank chief said today (Aug. 9). Inflation was falling faster than expected and interest rate decisions would focus on the economic

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Business

Central bank raises key rate, trims growth outlook on global slowdown

By Reuters and published by CNA THAILAND’S central bank raised its key interest rate by 25 basis points for a third straight meeting on Wednesday, as it tries to contain above-target inflation while supporting an economic recovery facing increasing global headwinds. The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to raise the one-day

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