BANGKOK- Thailand’s current inflation target range of 1 percent to 3 percent has “served pretty well” and should not be changed, a deputy central bank governor told Reuters on Thursday, as the government pushes for a higher price target to boost economic activity.
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BANGKOK- Thailand’s current inflation target range of 1 percent to 3 percent has “served pretty well” and should not be changed, a deputy central bank governor told Reuters on Thursday, as the government pushes for a higher price target to boost economic activity.
Inflation is low and well anchored, and there is no risk of deflation, while the economy is converging to trend growth, Bank of Thailand (BOT) Deputy Governor Piti Disyatat said in an interview.
He said he was hoping for a constructive discussion on the inflation target for 2025 when the central bank and finance ministry meet next Tuesday.
“Hopefully, we have a good, constructive discussion and we will agree,” he said.
“We don’t see any clear reasons right now to really change it”.
Piti reiterated that last week’s surprise interest rate cut was a recalibration, not the start of an easing…