Headline inflation to stray into negative territory, Bank of Thailand reports

Bank of Thailand
George Johnson

The Bank of Thailand projects headline inflation will fall into negative territory this year following a number of government initiatives.

The central bank’s latest monetary policy report, published July 8, says headline inflation is projected to average -1.7% this year. However, the central bank expects it to rise to 0.9% in 2021.

The decline in headline inflation is partly due to the sharp decline in energy prices following cuts to global crude oil prices as a result of the Covid-19 pandemic

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