BOT Says Economy Still Recovering Despite Rising Inflation

BANGKOK (NNT) – The Bank of Thailand (BOT) has said the Kingdom’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, following a recovery in the previous month.

According to the central bank, overall business activity was steady in March, while the baht depreciated following an escalation of the Russia-Ukraine conflict.

Senior BOT Director Chayawadee Chai-Anant told a news conference, however, that the Thai economy should remain on the recovery path.

Full story: National News Bureau of Thailand

Reporter: Natthaphon Sangpolsit,
Rewriter: Paul Rujopakarn
National News Bureau of Thailand

TN

The main purpose of Thailand News is to offer our readers all news from the most popular and trusted newspapers in Thailand & Asia in one place.

Get breaking news and the latest news headlines from Bangkok, Phuket, Pattaya, Chiang Mai, Northern Thailand, Isan, the insurgency-plagued South and Asia.

See author's posts