Bank of Thailand leaves rate at record low, warns of Covid risk

The central bank left its key interest rate unchanged at a record low of 0.50% on Wednesday, as expected, preserving its limited ammunition as the economy struggles with a third wave of coronavirus infections.The latest outbreak has slowed domestic activity for the tourism-reliant economy at ...

Thai economy may grow less than forecast after new

Thailand’s economy may expand less than forecast this year, a central bank official said on Friday, after a third wave of coronavirus infections and concerns about the presence of a highly contagious variant.The tourism-reliant economy suffered the deepest slump in over two decades last year, ...

Economy seen shrinking in Q1 due to virus outbreak

The tourism-reliant economy could contract in the first quarter from the preceding three months and the corresponding year earlier period due to the impact of a new coronavirus outbreak, the central bank said on Wednesday.The Southeast Asian country had largely contained the spread of Covid-19 ...

Ministry foresees 4% growth in 2021

The economy is expected to grow 4% in 2021 after a slump this year and fiscal policy will support a tourism-reliant economy struggling from the impacts of the coronavirus pandemic, the finance minister said on Monday.The economy shrank a less than expected 6.4% in the ...

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