Thai growth momentum exceeds expectations: central bank chief

BANGKOK (Reuters) – The momentum of Thailand’s economic growth has exceeded central bank expectations and recovery has become more broad based, but monetary policy needs to remain accommodative, the central bank governor said on Wednesday.

Veerathai Santiprabhob told Reuters in an interview that benign inflation allowed Thailand to keep interest rates near record lows despite rising a rising trend in global rates.

The most recent central bank economic growth forecast was for 3.9 percent in 2018. A new forecast is due this month.

“The momentum since we announced the last forecast has exceeded our expectation,” Veerathai said.

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