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Thai economic recovery to continue but still fragile: Central bank minutes

Thailand's economy would continue to recover in 2022, but a rebound would remain fragile, as an Omicron outbreak puts less pressure on activity than earlier Covid waves, read Central Bank minutes.

Photo: Bloomberg
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Thai economic recovery to continue but still fragile: Central bank minutes; Photo: Bloomberg

Reuters Bangkok
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 central bank's 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 Bank of Thailand (BOT)'s monetary policy committee unanimously voted to leave the benchmark interest rate at a record low

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First Published: Feb 23 2022 | 11:11 AM IST

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