BoT recommends additional aid measures
Foreign arrivals outlook cut to 3m
Thai economic uncertainty looms large amid a fragile recovery, says the Bank of Thailand, and it advised the government to prepare additional financial and fiscal aid packages to cushion against a worst-case scenario.
The central bank on Wednesday published the edited minutes of the Monetary Policy Committee’s meeting on March 24, where it projected the Thai economy would recover slowly and unequally in the short term. Reopening the country to foreign tourism could be delayed because of insufficient vaccine supply, public concerns over the safety of vaccines, and potential virus mutations.
Based on this scenario, the central bank downgraded foreign arrivals to 3 million from 5 million due to the country’s…
