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Thai economic recovery to continue but still fragile-central bank minutes -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: The Bank of Thailand headquarters are shown near the Chao Phraya River in Bangkok, Thailand on February 29, 2016. REUTERS/Athit Perawongmetha

BANGKOK (Reuters). Thailand’s economic recovery would continue into 2022. But, this recovery would be fragile and uneven. The Omicron variant of COVID-19 put less pressure on Thailand’s economy than the previous COVID-19 strains. This was according to minutes from the last central bank meeting that were released Wednesday.

Although upside inflationary risks were increasing and headline inflation could surpass the target range at 3% early in 2022, it was still within the acceptable limits of inflation, minutes indicated.

A unanimous vote by the Bank of Thailand’s monetary policy committee on Feb 9 saw them leave the benchmark interest rates at an unprecedented low level for a fourteenth consecutive meeting. They also maintained support for a fragile economic environment.

For the full minutes https://www.bot.or.th/English/MonetaryPolicy/MonetPolicyComittee/ReportMPC/Minutes/MPC_Minutes_12022_9ylhzvxs.pdf.

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