Thailand not at risk of stagflation, central bank governor says
Updated
Updated · Bangkok Post · May 1
Thailand not at risk of stagflation, central bank governor says
9 articles · Updated · Bangkok Post · May 1
Governor Vitai Ratanakorn said inflation should average 2.9% in 2026 before easing to 1.5% in 2027, while GDP growth is forecast at 1.5% excluding stimulus.
He said Thailand lacks prolonged high inflation and labour market deterioration, while MPC secretary Don Nakornthab said a 300 billion baht stimulus could add 0.5-0.7 percentage points to growth.
The MPC expects inflation to briefly exceed its 3% ceiling because of energy prices linked to Middle East conflict, but sees limited cost pass-through, anchored expectations and low wage-price spiral risk.
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