Thailand needs more resilience - central bank chiefPeople shop at Wang Lang Market in Bangkok Noi district in September 2023. (Photo: Apichart Jinakul)Thailand needs to be more resilient to grow sustainably, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Friday. The central bank chief has said the economy is expected to grow close to forecast this year, but next year's outlook of 4.4% growth would be revised down if the government's handout plan was reduced. On Friday, he said he was worried about high household and public debt, but that the country's external stability remains strong. The rate has been raised by total of 200 basis points since August last year to curb price pressures.

Source: Bangkok Post November 03, 2023 13:32 UTC