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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World Bank sees sharp world growth slowdown
By Reuters staff, published by Channel NewsAsia Washington – The World Bank today (Jan. 11) cut its forecasts for economic growth in the United States, the Euro area and China and warned that high debt levels, rising income inequality and new Covid-19 variants threatened the recovery in developing economies. It said global growth is expected
Read moreMinistry cuts 2021 growth forecast
The Finance Ministry has cut its economic forecast for 2021 to 2.8% from the 4.5% expected in October, factoring in the resurgence of Covid-19 and fresh government stimulus measures. Thursday’s downgrade follows similar recent warnings that Thailand faces downside risks. Earlier this month, the central bank signalled its own 3.2% GDP growth forecast for the
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