The Bank of Thailand (BoT) will focus monetary policy efforts on shoring up sluggish growth in Southeast Asia'a second-largest economy, its chief said on Monday, even as surging global price pressures force its peers to raise interest rates.
The central bank is among a shrinking number globally that continue to see inflationary pressures as transitory, with more concern given to a collapse in foreign tourist arrivals caused by the pandemic and its long-term hit to the growth.
