Thailand is the second largest economy in Southeast Asia. In the fourth quarter of last year, the country was helped by strong exports and the easing of Covid-19 restrictions.
Bank of Thailand (BOT) estimates that the Thai economy will continue to expand in 2022 and 2023 despite rising inflation. Meanwhile monetary policy tightening may have to wait until the economy recovers stronger. The Central Bank of Thailand will continue to support the economy as it has left the key interest rate at a record low 0.50% since May 2020.
Bank of Thailand (BOT) estimates that the Thai economy will continue to expand in 2022 and 2023 despite rising inflation. Meanwhile monetary policy tightening may have to wait until the economy recovers stronger. The Central Bank of Thailand will continue to support the economy as it has left the key interest rate at a record low 0.50% since May 2020.