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THAILAND: Governor Sethaput Says Inflation Should Return To Target In Q4

THAILAND

Bloomberg runs comments from BoT Governor Sethaput who says that inflation is expected to print at +1.0% Y/Y in June and accelerate to the target range (+1%-3% Y/Y) in 4Q2024. Sethaput adds that the inflation rate is expected to average at +1.1% Y/Y in the whole 2H2024.

  • The Governor says that interest-rate decisions are not based exclusively on CPI outturns, but also take into account economic growth and financial stability, while flagging continued concern about high levels of household debt in Thailand.

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