Central bank says Thailand’s external position is stable and sound
With low foreign debt and high levels of international reserves, the Bank of Thailand reported that the nation’s external position is stable and sound and said that rising tourism and domestic spending would keep the economy on its steady path to post-pandemic recovery.
Bank of Thailand (BoT) Deputy Governor Mathee Supapongse said that the Kingdom’s gradual, measured policy normalization is still an appropriate approach at this time. The strategy has helped prevent the private sector’s cost of borrowing from rising too fast and given room for every sector to adjust to changing conditions.
The Kingdom has been battling inflation, partially as a result of pandemic stimulus…
