BANGKOK, Jan 26 – Thai economy is projected to grow at least 4.8 per cent this year as the country’s growth base in 2011 at 1.8 per cent was lower than earlier projection, Thai central bank governor said on Thursday.
Bank of Thailand (BoT) Governor Prasarn Trairatvorakul said the BoT will release official figures on February 3.
The US’s Federal Reserve (Fed) keeps interest rates low at 0-0.25 per cent until at least late 2014 to boost the US economy, which needs recovery and the Fed has continuously extended its easy monetary policy, Mr Prasarn said.
He added the market has already acknowledged the news as well as the risk-on, risk-off pattern of the US dollar deemed as high quality liquid asset. It has a psychological effect in the capital market. If investors want to avert risk, they will invest in dollars while if they are ready to take risks, they will opt for another higher profit asset and the dollar will weaken.
