The country’s economy has already bottomed out and gross domestic product for next year is expected to be more than 3 per cent, Apisak Tantiworawong, chairman of the Thai Bankers Association, said.

Mr Apisak projected that the recovery in economy would make the policy interest of the Bank of Thailand increase by about 0.75 to 1 per cent.

Lending of financial institutions is also expected to go up by about 7 per cent.