Economic recovery to continue but still fragile – BoT minutes
‘Inflation may exceed target in early 2022’
Thailand’s economy would continue to recover in 2022, but a rebound would remain fragile and uneven, as an Omicron outbreak puts less pressure on activity than earlier COVID-19 waves, according to minutes of the Bank of Thailand’s (BoT) last policy meeting.
While upside inflationary risks had increased and headline inflation could exceed the upper side of the target range of 3% in early 2022, the risks of persistent increases in inflation remained low, the minutes published on Wednesday said.
On Feb 9, the BoT’s monetary policy committee unanimously voted to leave the benchmark interest rate at a record low for a 14th straight meeting, maintaining support for a fragile…
