BANGKOK, March 21 (TNA) – Thailand’s central bank decided
unanimously to maintain the policy interest rate at 1.75%
and revise its economic growth forecast this year downward to 3.8%.
Thitanan Malikamat, secretary to the Bank of Thailand’s
Monetary Policy Committee (MPC), on Wednesday announced the resolution and the
economic forecast.
He said the MPC also revised export growth projection this
year down from 3.8% to 3%.
Besides, the committee predicted the economy would grow 3.9%
and export would increase 4.1% next year, citing the world
economic slowdown and the US-China trade war.
However, the MPC has assessed that Thai economy will be
growing closely to its potential as private consumption rises 3.9%
and private investment increases 4.4% this year.
Government expenditure will rise slower at 6.1%
due to slow investment by some state enterprises.
The MPC was monitoring possible risks in the property
sector, savings cooperatives’ operations, household debts and risk assessment
by large-scaled companies, Thitanan said. (TNA)
