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Bank of Thailand chief says growth a bigger worry than inflation for now

FILE PHOTO: Bank of Thailand (BoT) Governor Sethaput Suthiwartnarueput attends a news conference unveiling the new twenty baht polymer banknote at BoT headquarters in Bangkok, Jan 20, 2022. (Reuters)

The Bank of Thailand (BoT) will focus monetary policy efforts on shoring up sluggish growth in Southeast Asia’a second-largest economy, its chief said on Monday, even as surging global price pressures force its peers to raise interest rates.

The central bank is among a shrinking number globally that continue to see inflationary pressures as transitory, with more concern given to a collapse in foreign tourist arrivals caused by the pandemic and its long-term hit to the growth.

BoT Governor Sethaput Suthiwartnarueput told Reuters in an…

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