Inflation too low, says finance minister

Quick Summary:

Thailand’s inflation rate needs to be around 2% to support economic growth, says Finance Minister Pichai Chunhavajira.

Mr Pichai said that if inflation averages 2% and gross domestic product grows by 3.5%, this would yield a nominal GDP of 5.5%.

Measures to encourage higher inflation and lower interest rates can promote domestic investment.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Rate Target Growth Pichai Economic Inflation Market Thailand Level Support

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 20:57:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23327897

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 13 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 10 hours ago

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Publisher ID: #66

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