Thai 2014 GDP growth may be lower than forecast


  • Economy
  • Wednesday, 20 Aug 2014

A Thai woman buys socks from a stall in Bangkok. Delays in government spending and impact from economic reforms may slow Thailand's economy slightly, he country's central bank says - EPA Photo.

BANGKOK: Thailand's economic growth may be slightly lower than previously expected due to delays in government spending and because economic reforms may have short-term repercussions, minutes from the central bank's last meeting showed on Wednesday.

The monetary policy committee (MPC) unanimously voted on Aug 6 to keep the one-day repurchase rate unchanged at 2% for a third straight meeting, saying government policies would boost the economy.

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