Published:
Inflation in Thailand up to a four-month high
The 2.73% figure in July was driven by higher fuel prices.
OCBC noted:
Driven by higher fuel prices, inflation accelerated to a four-month high to 2.73% in July.
Although June export and import growth disappointed at -2.50% yoy and 4.41% yoy respectively, Minister Na-Ranong is targeting 7.0% economic growth this year as the increased tourist arrivals will help offset the slowing exports.
As widely expected, BOT kept its interest rate steady and signaled that it is ready to act if the global economy deteriorates.
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