Economics
Thailand Narrows CPI Target as Price Pressures Stay Subdued
- New inflation range is 1%-3% versus previous target of 1%-4%
- Bank of Thailand blames aging, e-commerce for low inflation
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Thailand will narrow its inflation target from next year as consumer-price growth remains subdued in the Southeast Asian nation.
The central bank’s new goal is to keep annual headline inflation within a 1%-3% range, compared with 1%-4% previously, Narumon Pinyosinwat, a government spokeswoman, said Tuesday in Bangkok following a cabinet meeting that approved the change.