Thai economy to grow close to forecasts, but recovery to be fragile: central bank minutes

[BANGKOK] Thailand's economy bottomed out in the third quarter and will grow close to forecasts, but recovery will remain fragile and is subject to uncertainty, according to minutes of the central bank's last policy meeting released on Wednesday.

On Nov 10, the Bank of Thailand's monetary policy committee unanimously voted to keep the benchmark interest rate at a record low of 0.50 per cent for a 12th consecutive meeting to support the economic recovery.

Fiscal policy is the main driver of the economy, and movement of the baht is more volatile than other regional currencies, the central bank minutes said.

REUTERS