Thai economy unlikely to return to levels seen before Covid-19 pandemic until 2022: Thai Central Bank

The Thai central bank earlier forecasted the Thai economy to shrink a further 8.1 per cent this year, with foreign tourist numbers plunging 80 per cent as the pandemic cuts global demand and travel. - AFP

BANGKOK (Xinhua): Thailand's central bank on Tuesday (July 14) said in a press briefing that Thailand's economic activities are unlikely to return to levels seen before the Covid-19 pandemic.

"Not until year 2022," said Bank of Thailand (BoT) Governor Veerathai Santiprabhob,"also, the BoT cannot offer the record-low policy interest rate of 0.50 per cent to zero per cent."