Securities analysts expect foreign funds to exit the Thai stock market after inflation jumped to a 13-year high of 7.1% in May, with the Bank of Thailand having to deal with rising prices, potential interest rate hikes and an economic slowdown.
Pipat Luengnaruemitchai, chief economist at KKP Research, a research house under Kiatnakin Phatra Financial Group, said Thai inflation has not peaked yet and is likely to continue rising for several months because of many external factors, including rising oil prices caused by European countries' sanctions on Russian energy supplies.
