Inflation should return to target range of 1% to 3% in second half of 2023
Thailand’s external stability is sound with low foreign debt and high international reserves, while the economy is recovering steadily on increased tourism and domestic spending, the Bank of Thailand (BoT) said.
The central bank’s gradual and measured policy normalisation remained an appropriate approach, with headline inflation expected to ease and return within the bank’s target range of 1% to 3% in the second half of the year, BoT deputy governor Mathee Supapongse said in a statement on Friday.
The strategy has helped prevent the private sector’s cost of borrowing from rising too fast and given…
