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BANGKOK, Dec 27 (Reuters) – Thailand’s cupboard on Tuesday permitted the central financial institution’s headline inflation goal of 1% to three% for 2023, unchanged from this yr, authorities spokesperson Traisuree Traisoranakul advised reporters.
The inflation goal, which guides financial coverage, is reviewed annually.
Headline inflation stood at 5.55% in November, far above the Financial institution of Thailand’s goal vary, suggesting the BOT will proceed to boost its key rate of interest to curb value pressures.
The central financial institution forecast common headline inflation of 6.3% this yr earlier than easing to three.0% subsequent yr.
It has raised the benchmark fee by a complete 75 foundation factors since August to 1.25%, and economists anticipated an extra fee hike on the subsequent assembly on Jan. 25.
Reporting by Kitiphong Thaichareon
Writing by Orathai Sriring; Modifying by Martin Petty
Our Requirements: The Thomson Reuters Belief Rules.
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