The Bank of Thailand (BoT) is concerned about inflation because of the Russia-Ukraine conflict, but believes the Thai economy will continue to recover this year.
The Russian attack on Ukraine will push up global energy prices as the countries are major producers of commodities and fossil fuels, playing crucial roles in the global supply chains of such goods. With this scenario, the Thai economy could face a higher inflation rate, said senior BoT director Chayawadee Chai-Anant.
