Monetary Policy Committee forecasts 4.9% inflation for Thailand this year

[webfact]

 

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

 

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[RichardColeman]

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 ?

[Gsxrnz]

I think she used the two essential components of Thai economic forecasting - a rusty abacus and a somewhat cloudy crystal ball. ????