released : 13 Feb 2023 at 20: 46 A traveler from China, dressed in a leased conventional Thai costume, positions for photos at Wat Arun temple in Bangkok on Sunday. (AFP image) Thailand’s economy might grow quicker than projection this year as a revival in tourist accelerates, while the rate of financial tighteningup to stave off inflationary pressures stayed “reasonable”, the nation’s financing minister stated on Monday. In an interview with Reuters, Arkhom Termpittayapaisith stated the Bank of Thailand (BoT) hadactually been liningup policy with the requires of the domestic economy rather than matching the aggressive rate of tighteningup by the US Federal Reserve. “Our main bank’s interest rate modifications haveactually been sensible, not following the Fed however constant with our economy,” stated Mr Arkhom. “Raising rates too much will dramatically drag down the economy that is getting muchbetter,” he stated, including financial policy should guarantee the economy would totally recuperate. The BoT hasactually raised the secret rate by a overall of 100 basis points giventhat August to 1.50%. But its tighteningup cycle hasactually been less aggressive than lotsof local peers, as Thailand’s e
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