Mr Chaturong Chantharang, assistant governor of the Bank of Thailand for monetary police, said that the MPC wanted to continue using lenient monetary policy to boost sustained economic expansion and to keep inflation rate within target.

The Thai government is hoping for a pick up in investment and consumer spending to broaden the expansion in Southeast Asia’s second-largest economy, which remains export-reliant.

According to economic assessments this year and next year, the economy tends to expand at higher rate than previously projected – 3.9 percent instead of 3.8 percent.

The Thai economy as a whole was projected to achieve higher growth than previously assessed on account of continued improvements in merchandise exports and tourism that were driven by a stronger global economic recovery.

Source: https://www.thailand-business-news.com/banking/65231-bank-thailand-holds-key-rate-raises-2017-gdp-forecast.html