3 Oct 2022
Econ Digest
The Baht weakens on risk of global recession. How does it affect the Thai business sector?... Read more
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9 Aug 2022
The Monetary Policy Committee (MPC) is expected to raise its policy rate by 0.25 percent to 0.75 percent at the upcoming meeting amid increased inflationary pressure, while the steady recovery trend of the Thai economy will also prompt the MPC to possibly slow down the economic accelerator pedal gradually. The Thai economy continues to face high inflationary pressure with Thailand’s inflation rate, as measured by the Consumer Price Index (CPI), increasing by 7.61 percent YoY in July 2022, which is down slightly from the 7.66 percent YoY increase in June. In addition, core inflation, excluding raw food and energy costs, accelerated to 2.99 percent YoY from a 2.51 percent increase last month, reflecting higher and more widespread costs passed on to consumers. Despite a slight slowdown in oil prices and headline inflation, domestic increased inflationary pressure remains high, so the MPC is tending to focus more on the inflation risk. ... Read more