Thai Central Bank Ensures of Strong External Stability with Low Foreign Debt

The Thai central bank reassured that Thailand’s external stability is sound with low foreign debt amid the recovery in economy at a steady pace on increased tourism and domestic spending.

According to Deputy Governor Mathee Supapongse, the Bank of Thailand’s gradual and measured policy normalisation remained an appropriate approach, but ready to adjust if needed. The central bank expected to return within the target range of 1-3% in the second half of this year.