Monetary policy to stay supportive as Thai economy faces uncertainty

The BoT has left its policy rate unchanged at a record low of 0.50% since mid-2020.

BANGKOK: Thailand’s central bank said yesterday there was high uncertainty facing the economy and monetary policy would remain accommodative to support a recovery from the country’s most prolonged outbreak of the coronavirus.

The Bank of Thailand (BoT) has forecast economic growth of 0.7% this year, bottoming out in the third quarter and growing 3.9% in 2022.