Bank of Thailand cuts forecasts for growth and inflation
Thai economy hit by slowing exports and low demand pressures
The Bank of Thailand has cut its forecasts for growth and inflation, warning in its latest monetary policy report that risks are "skewed to the downside".
Published today (June 19), the report points to a slowdown in exports as the main drag on growth, and lower cost and demand pressure feeding into lower inflation.
"Nevertheless, the committee assessed that the probability of deflation is still low as consumption still expands, prices of most goods and services continue to be flat or increase
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