BANGKOK, Nov 25 (TNA) – The Bank of Thailand is to cut
its GDP growth forecast next month while getting prepared to act to fight
economic woes.
BOT Governor Veerathai Santiprabhob said on Monday that the
central bank is ready to use monetary policy if growth failed to meet
expectation.
Earlier this month, the BOT cut its policy rate to 1.25 per
cent – the second reduction in three months.
The BOT planned to announce next month its revised GDP
growth forecast for 2019, which he expected to be lower than 2.8 percent, he
said.
Veerathai said the prospect next year would be brighter with
government budget disbursements and growing foreign investment in the first
quarter.
The BOT Governor also revealed that the BOT had laid out a
three-year strategy for 2020-2023 focusing negative challenges and changing
environment.(TNA)
