(Photo: Apichit Jinakul)The Bank of Thailand is concerned with higher prices for living costs, but not in terms of overall price stability, says the central bank governor. The central bank predicts the headline inflation rate will be under its target rates of 1.2%, 1.7% and 1.4% for 2021, 2022 and 2023, respectively. The higher living costs could affect low-income earners, particularly those in tourism and related sectors, said Mr Sethaput. Given this negative factor, the central bank slashed its foreign tourist arrival forecast for 2022 from 6 million to 5.6 million. Moreover, the central bank allows commercial bank subsidiaries to invest in digital assets with its permission, Mr Sethaput said.

Source: Bangkok Post January 12, 2022 05:57 UTC