Despite turmoil in Banking Sector in the first half of the year and uncertainty in the global financial system.

However, he added, the BOT forecasts 2.9% growth over the prior year for the economy in the 1st half, with a 7.1% decline in exports.

Sethaput stated that the BOT anticipated 28 million international visitor visits this year, down from over 40 million in 2019 prior to the pandemic.

Even while the BOT’s goal range of 1% to 3% was once again met by headline inflation last month. Sethaput warned that inflation risks persisted and needed to be closely watched.

According to him. The BOT intends to meet with the bank of China next month and will promote increased usage of the yuan for trade.