BANGKOK -- The Bank of Thailand on Wednesday lowered its economic forecast for Southeast Asia's second largest economy due to a third wave of COVID-19 infections, and kept its policy rate at 0.5%.
The bank revised its growth forecast for Thailand in 2021 and 2022 to 1.8% and 3.9%, respectively. Those figures are 1.2 percentage points lower for 2021 and 0.8 point lower for 2022 than its projection in March.
