BANGKOK :Thailand’s current policy rate is appropriate for the economy, but the central bank is ready to make “adjustments” if needed, the bank’s governor said as he warned of increased global risks and concerns over the Middle East conflict.
Sethaput Suthiwartnarueput told reporters on Saturday that Southeast Asia’s second’s largest economy is still expected to grow close to forecast of 2.8 per cent this year although third-quarter growth might be softer than expected.
The central bank’s growth forecast of 4.4 per cent for 2024 will be revised if there is any change in the government’s stimulus plan, he added. Last year the economy grew 2.6 per cent.
Sethaput said the Bank of Thailand is concerned about the fallout from the conflict in the Middle East.
“A new factor that I’m quite wary about is Middle East problems as evaluating the impact of this risk is very difficult,” he said,…
