BANGKOK: Thailand's economic growth outlook is facing heightening risks from the impacts of the Middle East war, requiring a coordinated policy mix, the minutes of the central bank's April 29 policy meeting showed on Wednesday (May 13).
At the meeting, the monetary policy committee unanimously voted to keep the one-day repurchase rate unchanged at one per cent as it assessed the impact of higher oil prices driven by the conflict in the Middle East.
Last week, Governor Vitai Ratanakorn revised growth forecasts to 2.1 per cent this year and 1.6 per cent for next, from 1.5 per cent and 2.0 per cent previously at the policy review.
South-East Asia's second-largest economy, which has lagged regional peers since the pandemic, expanded 2.4 per cent last year. - Reuters
