Thai economy to grow slightly above 2.5%, recovery more uneven, central bank minutes show

Quick Summary:

BANGKOK :Thailand's economy was seen growing slightly more than 2.5 per cent this year, less than earlier expected, minutes of the Bank of Thailand's February 26 monetary policy meeting showed on Wednesday, with its economic recovery becoming more uneven.

The committee agreed that the slowdown in the Thai economy was "driven by structural factors, which required supply-side restructuring policies".

The central bank has said the bar would be high for a further cut as the level is consistent with the current economic outlook.

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Category: EconomyBusiness

Markets: SingaporeThailand

Topics: Rate Cent Thai Bank Growth Central Economic Thailand Economy Policy Committee

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 10:20:05 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27164218

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