BOT predicts inflation fallout from Russia-Ukraine war
The Bank of Thailand (BOT) expects Russian banks’ removal from the Swift international transaction system to trigger a rise in inflation, volatility of the baht against the dollar and limited impacts on Thai trade and investment in Russia.
“However, Thailand’s financial stability is still in good shape, while its trade and investment ratio in Russia is not very high,” BOT senior director Chayawadee Chaianant said on Monday.
The Nation Reporter
