Lifting cost-of-living alleviation measures won’t fuel inflation

BANGKOK, Nov 26 (TNA) – The government’s decision to lift some of its measures to ease the cost of living will neither fuel the costs nor boost inflation, according to the Bank of Thailand (BoT).BoT Governor Tarisa Watanagase said the improved economy at present stemmed from the increased exports and greater investor confidence.

She said the central bank believed the economy would be able to recover gradually, but that internal and external risk factors, particularly the economic recovery of many countries around the globe and domestic spending must be monitored.

Dr Nipon Poapongsakorn of the Thailand Development Research Institute said that the full recovery of the global economy needs more than five years. The process of recovery will become more volatile.

Whether the world economy manages to recover can be monitored through the stock markets and property markets of some countries such as Hong Kong where housing prices had risen sharply despite the fact that the economy had just picked up, he said. (TNA)