The Bank of Thailand (BoT) has slashed its economic growth projection for this year again to 0.7% as the third wave of Covid-19 has had a more severe impact on the country's economy since the central bank conducted its earlier projection.
BoT revises growth forecast to 1 8% bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
The Bank of Thailand (BoT) slashed Thailand's economic growth forecast for 2021 on Wednesday for the second time this year to 1-2%, largely depending on the procurement and distribution of Covid-19 vaccines.
published : 7 Apr 2021 at 13:15
1
The Bank of Thailand felt that a spike in long-term government bond yields had only a limited impact on the economy when it decided to keep its key rate at a record low last month, meeting minutes showed on Wednesday.
Long-term Thai bond yields moved in line with long-term US Treasury yields, the minutes said. Over the first quarter of 2021, 10-year Thai government bond yields rose 61.5 basis points, the sharpest quarterly rise in 12 years.
Most corporate bond issuers raised funds in the short maturity and could still do so as usual, while corporate credit spreads continued to decline, the minutes said.