Bank of Thailand Governor Sethaput Suthiwartnarueput said on Tuesday that unlike many other countries, Thailand is taking a gradual and measured approach to the economy.
Speaking at the “Economic Outlook 2022” event held by Krungthep Turakij in Bangkok, the BOT governor said the Thai economy is in continuous recovery and the country's monetary policy is on the right track.
He said Thai economic conditions differed from those in other countries, so Thailand did not need to adopt the same measures.
Sethaput also dismissed concerns that the BOT was raising the interest rate too slowly to rein in inflation, insisting “we are not behind the curve”.
He added that while Thailand has yet to recover to pre-pandemic levels, certain other countries had already met their economic targets.