Thailand’s economy could grow faster than forecast this year as a revival in tourism quickens, while the pace of monetary tightening to stave off inflationary pressures remained “reasonable”, the country’s finance minister said on Monday.
In an interview with Reuters, Arkhom Termpittayapaisith said the Bank of Thailand (BoT) had been aligning policy with the needs of the domestic economy rather than mirroring the aggressive pace of tightening by the US Federal Reserve.
“Our central bank’s interest rate adjustments have been reasonable, not following the Fed but consistent with our…
