Rapidly changing world financial environment where cash is king and looking like it is going to be more expensive as interest rates are set to rise inexorably. For Thailand, in the short term, this means raising interest rates to stop capital flight out of the kingdom and protect both business and the less well off from the ravages of higher prices which saw May’s inflation rate come in at 7.1% and more significantly, a rise in core inflation to 2.28% from 0.2% a year previously with the underlying rate set to spiral even higher on a systemic basis even though the headline rate may be somewhat lower later in the year.

https://www.thaiexaminer.com/thai-news-foreigners/2022/06/19/world-in ...