Bank of Thailand Sees Inflation Missing Target Through 2026

Thailand’s consumer price index will stay below 1% until early 2027 and monetary policy alone may not be able to address the issue, the central bank’s former chief warned in an open letter to the finance minister.

The country’s diminishing competitiveness, which is causing slower growth, and “tighter financial conditions” due to increased credit risk are key economic issues, then-Governor Sethaput Suthiwartnarueput wrote in the Sept. 29-dated letter published on the bank’s website Tuesday.