Bank of Thailand braces for trade war fallout

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By Wichit Chaitrong “The trade row has increased the uncertainties for Thailand’s economy because it could have a negative impact on Thai exports, businesses, employment, consumption and investment.” Central bank keeps policy rate unchanged to facilitate growth; forecasts for GDP and export growth revised upwards amid weakening of the baht. Protectionism, stirred by the trade disputes between the United States and China, remains the biggest risk to the Thai economy and was partly responsible for the Monetary Policy Committee (MPC) keeping the policy rate unchanged to further accommodate economic growth – this according to the central bank yesterday.

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Bank of Thailand braces for trade war fallout

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