The central bank has raised its policy rate by a total 100 basis points since August to 1.50% to contain price pressures.
(Reporting by Kitiphong Thaichareon Writing by Orathai Sriring; Editing by Martin Petty)
(Adds details, context)
BANGKOK, March 8 (Reuters) - Thailand's inflation is
expected to fall further and return to the central bank's target
range of 1% to 3% this year, helped by support measures, its
finance minister said on Wednesday.
The government will continue to help ease the impact of
energy prices, which will help hold down consumer prices, Arkhom
Termpittayapaisith told reporters.
Expected support measures will reduce the cost of living, he
said.
"The economy is not considered hot, it's still in recovery,
with consumption and tourism starting to rebound," he said.
Headline inflation dropped to its lowest rate in 13 months
of 3.79% in February, but was still above the central bank's
range, suggesting it will raise its key interest rate further
this month.
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