Bank of Thailand Chief Sees Economic Risk in Political Drift (1)

Thailand’s economic growth outlook next year is looking increasingly at risk amid a possible delay in the budget because of the country’s political deadlock, according to outgoing central bank Governor Sethaput Suthiwartnarueput.

“Our worry is next year,” Sethaput said in an interview with Bloomberg Television’s Haslinda Amin in Bangkok on Wednesday. The Bank of Thailand forecasts 1.7% growth in 2026 from about 2% this year but “with all this uncertainty, there’s some risk to that” if the government delays next year’s budget.

Monetary policy space is limited with interest rate already at a multi-year low and where the BOT ...