Bank of Thailand says economic recovery fragile, no sign of deflation

Bank of Thailand says economic recovery fragile, no sign of deflation

Thailand's central bank said on Tuesday that economic recovery was still fragile and facing uncertainty, and inflation would return to its target in the middle of the year.

In a note addressed to the finance ministry on headline inflation deviating from the inflation target, the Bank of Thailand said there were no signs of deflation and inflation would be back on target by mid 2021. 

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