Thai inflation seen back to target in Q2 2023 -central bank

2022.06.23 07:16

FILE PHOTO: People wearing face masks shop inside a market amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, November 16, 2021. REUTERS/Athit Perawongmetha

BANGKOK (Reuters) – Thailand’s inflation will remain elevated this year but should fall back into the central bank’s target range of 1-3% in the second quarter of next year, a bank official said on Thursday.

Southeast Asia’s second-largest economy is expected to return to its pre-pandemic level late this year or early next year, Sakkapop Panyanukul, a senior director at the Bank of Thailand, told a trade seminar. The BOT predicts headline inflation of 6.2% this year and 2.5% next year.

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