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”, “could”, “should, “predict”, “project”, “estimate”, “foresee”, “forecast”, “seek” or similar words or expressions are forward-looking statements. Such forward-looking statements involve known and unknown
”, “anticipate”, “would”, “plan”, “could”, “should, “predict”, “project”, “estimate”, “foresee”, “forecast”, “seek” or similar words or expressions are forward-looking statements. Such forward-looking statements
, on August 7, 2019, the MPC cut the policy interest rate by 25 basis points to 1.50 percent, projecting that the Thai economy would expand at a lower rate than previously forecast, due to a contraction
in budget disbursement. As the momentum from the above mentions, the Thai economy in 2018 was expected to continue expanding which the Bank of Thailand revised up the growth forecast to 4.4 percent (as
, resulting in a downward revision for Thailand’s GDP forecast. The outbreak disrupted employment and increased financial system vulnerabilities. However, at its meetings on June 24 and August 5, the MPC
level of 1.25 percent while projecting the Thai economy would expand at a lower rate than previously forecast and further below its potential due to declining exports which have affected domestic demand