BoT: Growth will be on track if next govt formed by June

BoT: Growth will be on track if next govt formed by June

The economy is expected to grow 3.8% this year as forecast, if the next government can be formed by June, the Bank of Thailand governor said on Friday.

Low inflation was not a concern and the central bank would  focus more on growth and financial stability risks, Veerathai Santiprabhob told an analysts meeting.

Despite an election on March 24, the first since the May 2014 coup, the outcome remains uncertain and might not be known until een after official results are due on May 9.

The central bank has left its policy interest rate unchanged at 1.75% since tightening in December for the first time since 2011. It will next review policy on May 8.

Thailand reported its strongest economic growth in six years in 2018, at 4.1%, but still lagged the Philippines' 6.2%, Indonesia's 5.17% and Malaysia's 4.7%. 

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