154 The Bank of Thailand’s Monetary Policy Committee (MPC) on Wednesday voted unanimously to raise the policy interest rate by 25 basis points to 1.25% to control inflation.
20 The governor of the Bank of Thailand (BOT) expects the gross domestic product will increase by 3.3% this year and 4.2% next year while the number of visitors is rising faster than anticipated and should reach 6 million throughout this year.
8 Inflation ran at 7.10% in May as the prolonged Russia-Ukraine war considerably raised the prices of oil and fresh food worldwide, according to the Trade Policy and Strategy Office.
19 The Bank of Thailand informed the finance minister that inflation exceeded its expected level and should return to its normal pace late this year.
7 Inflation ran at 5.73% in March, the highest in 13 years, because the Russia-Ukraine war is raising energy prices, according to the Trade Policy and Strategy Office.
14 Prime Minister Prayut Chan-o-cha admitted that goods prices were rising and blamed it on worldwide inflation.
8 Headline Inflation in July rose 09.8 per cent year-on-year, mainly due to increased food prices.
5 Inflation ran slower at 0.87% year-on-year in June due to declining oil prices and its rate should be 1% throughout this year, according to the Commerce Ministry.
