Thai policy rate is right for now, says BoT chief

Declining trend: An employee counts one-thousand baht notes at a bank in Bangkok. The currency has been more volatile than its peers due to external factors and capital outflows. — Bloomberg

BANGKOK: Thailand’s current policy rate is appropriate for the economy, but the central bank is ready to make “adjustments” if needed, the bank’s governor says as he warns of increased global risks and concerns over the Middle East conflict.

Sethaput Suthiwartnarueput told reporters on Saturday that South-East Asia’s second’s largest economy is still expected to grow close to forecast of 2.8% this year although third-quarter growth might be softer than expected.