BoT sees uptick in fourth quarter

The Bank of Thailand believes the economy bottomed out in the third quarter and should gradually pick up from the fourth quarter thanks to progress in the vaccination rollout and earlier than expected relaxation of the government’s containment measures.

Lockdown measures to contain the Delta variant took a toll on the economy, with weaker economic activities in the third quarter, said Titanun Mallikamas, secretary of the Monetary Policy Committee (MPC).

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Somruedi Banchongduang