Thai growth on track if next govt formed by June: Central bank

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THAILAND'S economy is expected to grow 3.8 per cent this year as forecast if the next government can be formed by June, the country's central bank governor said on Friday. Low inflation is not a concern and the central bank will focus more on growth and financial stability risks, Veerathai Santiprabhob told an analysts meeting. Read more at The Business Times.

Low inflation is not a concern and the central bank will focus more on growth and financial stability risks, Veerathai Santiprabhob told an analysts meeting.THAILAND'S economy is expected to grow 3.8 per cent this year as forecast if the next government can be formed by June, the country's central bank governor said on Friday. Low inflation is not a concern and the central bank will focus more on growth and financial stability risks, Veerathai Santiprabhob told an analysts meeting.

Pro-military and anti-junta parties are tussling to form a government after a disputed and inconclusive general election held in March, following almost five years of military rule.The central bank has left its policy interest rate unchanged at 1.75 per cent since tightening last December for the first time since 2011. It will next review policy on May 8.Thailand - the second-largest economy in South-east Asia - reported its strongest economic growth in six years in 2018, at 4.

 

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