webfact Posted June 7, 2022 Share Posted June 7, 2022 The Thai cabinet yesterday (Tuesday) acknowledged the Monetary Policy Committee’s projection that the country’s inflation this year will reach 4.9%, which is higher than previous forecasts, mainly due to increases in energy and food prices, according to Deputy Government Spokesperson Traisuree Traisoranakul. She said that the committee had predicted that mid-term inflation this year would be within the set target, which might rise slightly due to short-term supply-side factors, and decided to retain the policy rate to help to continue stimulating the economic recovery. She said, however, that the committee decided to raise its inflation projection following the energy and food price increases, resulting primarily from of the fallout from sanctions against Russia and global inflation. Full story: https://www.thaipbsworld.com/monetary-policy-committee-forecasts-4-9-inflation-for-thailand-this-year/ -- © Copyright Thai PBS 2022-06-08 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Easiest way to own or rent a car in Thailand - click here to find out more! Link to comment Share on other sites More sharing options...
RichardColeman Posted June 7, 2022 Share Posted June 7, 2022 2 hours ago, webfact said: She said that the committee had predicted that mid-term inflation this year would be within the set target What's target ? Between 2-10% ? And goes the general responsible get the boot ? Link to comment Share on other sites More sharing options...
Gsxrnz Posted June 8, 2022 Share Posted June 8, 2022 I think she used the two essential components of Thai economic forecasting - a rusty abacus and a somewhat cloudy crystal ball. ???? Link to comment Share on other sites More sharing options...
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