(Reuters photo)The Bank of Thailand raised its forecasts for 2017 economic growth and exports while leaving the key interest rate where it has been for nearly two years. Meanwhile, tourism continued to recover, and public expenditure remained an important growth driver," the MPC said in a statement. The BoT raised its 2017 GDP growth forecast to 3.4% from the 3.2% projected in December. The central bank now expects exports to increase 2.2% this year, rather than be flat. The central bank trimmed its 2017 forecast for headline inflation to 1.2% from 1.5%, well inside its 1-4% target range.

Source: Bangkok Post March 29, 2017 09:56 UTC