MPC: Growth may fall below forecast
Diminished stimulus and vaccine doubts
Thailand’s GDP growth this year could drop below the 3.2% baseline projection from plausible lower inbound arrivals amid uncertainties over vaccine efficacy and reduced fiscal stimulus, says the Monetary Policy Committee’s (MPC) latest edited minutes.
The country has been grappling with higher infections since the start of 2021, with stringent restrictions imposed in five provinces to curb the contagion.
The MPC is a seven-member panel under the Bank of Thailand that sets the benchmark interest rate. The committee has been maintaining the 0.5% policy interest…
