Skip to content
Subscriber Only

Bank of Thailand Chief Says Growth Outlook ‘Disappointing’

  • Veerathai says growth of 3.5%-4% a year is more satisfactory
  • Central bank is monitoring foreign inflows to curb speculation
City Views As GDP Growth Estimate For Year Is Cut
Photographer: Brent Lewin/Bloomberg
Updated on

Thailand’s economic growth outlook of 2.8% next year is “disappointing” and policy makers are doing what they can to curb excessive gains in the currency, Governor Veerathai Santiprabhob said.

A “satisfying” level of growth should be about 3.5%-4% a year, the governor said in a speech in Bangkok on Monday. The Bank of Thailand is “actively managing the exchange rate” and monitoring short-term foreign inflows closely to avoid speculation in the baht.