BANGKOK, 15 April 2012 – The Bank of Thailand (BoT) has predicted that Thailand will see a full economic growth during the third quarter of 2012.
According to BOT Assistant Governor for Monetary Policy Paiboon Kittisrikangwan, the Thai economy during the third quarter of 2012 will achieve a maximum growth potentiality. This may lead to less necessity for economic stimulation through monetary and fiscal policy. However, the focus will instead be shifted to the country’s investment.
Regarding the current inflation policy, the BoT is working hard to keep inflation expectation down for entrepreneurs following the entry into force of the 300-baht minimum wage hike. Mr. Paiboon said that the recently-implemented government policy still remains a risk factor and needs to be kept on close watch given the possibility that it might cause a higher than predicted inflation rate as well as producing impact on SME entrepreneurs.
