BloombergThailand’s economic growth outlook of 2.8 percent next year is “disappointing” and policymakers are doing what they can to curb excessive gains in the currency, Bank of Thailand (BoT) Governor Veerathai Santiprabhob said yesterday. The bank is “actively managing the exchange rate” and monitoring short-term foreign inflows closely to avoid speculation in the baht, he said. The Bank of Thailand last week lowered its growth forecasts for this year and next year, given the weaker global backdrop, trade disruptions and a stronger currency. MAZDASeparately, Mazda Motor Corp is shifting some production of vehicles destined for the Australian market from Thailand to Japan, citing the adverse impact of a stronger baht, the Nikkei reported. Mazda has the capacity to make about 135,000 vehicles in Thailand annually.
