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HomeEconomyThailand's central bank says economic recovery may be intact - governor

Thailand's central bank says economic recovery may be intact – governor

BANGKOK (Reuters) – Thailand’s economic recovery is likely to be intact and inflation should ease next year, the governor of the Bank of Thailand said on Tuesday.

Bank of Thailand Governor Sethaput Suthiwartnarueput talking to a business seminar. The BOT forecasts economic growth of 3.3% this year and 3.8% next year.

Sethaput reiterated that he will gradually raise interest rates to control inflation and ensure sustained economic recovery.

Last week, BOT raised key rate by 25 basis points to 1.00% to tame2019-year high inflation.

Compared to the BOT’s target range, the BOT forecasts headline inflation to be 6.3% this year and 2.6% next year 1% to 3%.

Foreign tourist arrivals are expected to be 9.5 million this year, 21 million next year, and close to pre-pandemic million Tourists .

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