Thai economic rebound has room to run, central bank chief says

HONG KONG: Thailand’s already “very accommodative” monetary policy is fuelling robust growth that’s spreading across the economy, said Bank of Thailand governor Veerathai Santiprabhob.

The outlook comes as an exports revival in Thailand gains momentum despite a recent rise in the nation’s currency, the baht. Better demand from key trading partners is helping to offset strength in the exchange rate, Veerathai said. At the same time, headline inflation is likely to accelerate towards the central bank’s target range, underscoring the effectiveness of the monetary authority’s inflation targeting regime, he said.