Picture courtesy of CHUTTERSNAP, Unsplash
The Bank of Thailand (BoT) anticipates an export revival in the coming year, as revealed in a recent statement. The Bank also projects low inflation rates for the same period, attributing it to government subsidies, albeit with a gradual increase within an acceptable range.
Meeting minutes from the BoT’s November 29 monetary policy gathering, released on Wednesday, indicated that while Thailand’s economic recovery remains on course, structural issues might limit the positive influence of the global economy on exports. The central bank also emphasised the need for monitoring credit quality.
The BoT noted that financial conditions have become more stringent, prompting increased scrutiny of the credit quality for small businesses and household sectors, reported Bangkok Post.
During the meeting, the Monetary Policy…
