Tag Archives | Thailand Inflation

Bangkok Bank challenges BOT move to adjust inflation target

Bangkok Bank, the country’s largest commercial bank by asset size, has taken issue with the central bank and the Finance Ministry over the move. Bank of Thailand Governor Prasarn Trairatvorakul said the new inflation target would be ready for submission to the Finance Ministry in early October. He declined to reveal further details, but insisted […]

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Stagflation looms next year: economist

Thailand, like other Asian countries, is likely to face stagflation next year, with lower economic growth against high inflation, in light of “debt monetisation” of advanced economies and growing demand in China, according to an economist.  Kobsidthi Silpachai, head of market and economic research at Kasikornbank, said Thailand could witness slower growth in gross domestic […]

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Gold poised to break US$2,000 barrier

YLG Bullion International, Thailand’s largest wholesale gold trader, has revised up its gold price projection to between US$2,000 and $2,200 an ounce this year due to the slower-than-expected global economic recovery, especially with EU economies looking set to take another two years. The price will also show a significant increase at the end of each […]

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