Forecast cut for foreign arrivals
BoT anticipates fewer visitors due to virus
The Bank of Thailand has cut its forecast for foreign tourist arrivals in 2022 because of the impact of the Omicron variant and government measures to restore mandatory quarantine for visitors entering the country from overseas.
The Monetary Policy Committee (MPC) meeting on Wednesday assessed the Omicron outbreak’s impact on the economy in early 2022. The impact could be more severe and prolonged than expected due to downside risks, such as the severity of the outbreak and the strictness of corresponding containment measures, said MPC secretary Piti Disyatat.
The government temporarily…
