Oct. 20 (Bloomberg) -- Thailand’s central bank will cut its forecast for economic growth this year by more than 1 percent, from a current target of 4.1 percent, because of the country’s floods, Governor Prasarn Trairatvorakul said.
The economy may shrink in the fourth quarter from a year earlier, Prasarn told reporters in Bangkok today.
The central bank is prepared to hold a special meeting to discuss monetary policy “if needed,” Prasarn said. The Bank of Thailand yesterday kept its benchmark interest rate on hold.
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