ATM machines of different Thai banks at Siam Paragon, Bangkok

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

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