Thai central bank warns further delay in forming govt could damage investment, confidence


Chayawadee said the economy was on a rising trend thanks to the continual recovery in the tourism sector. In June alone, 2.24 million tourists visited Thailand, while travel bookings and accommodation searches indicated that foreign tourist numbers would keep rising for the rest of this year.

Chayawadee said political uncertainty was also to blame for the baht weakening against other regional currencies in June.

The baht also fell against the US dollar.

However, the Thai currency rose in July on expectations of a policy rate hike by the US Federal Reserve.

Chayawadee said Thailand’s economic outlook in the second quarter slightly improved from the first quarter and the uptrend would continue in July due to improvements in the tourism and service sectors.

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