Recent rate cut a ‘recalibration’ and not the start of an easing cycle, says deputy governor
PUBLISHED : 24 Oct 2024 at 17:00
Thailand’s current inflation target range of 1% to 3% has “served pretty well” and should not be changed, a deputy central bank governor said on Thursday, as the government pushes for a higher price target to boost economic activity.
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Recent rate cut a ‘recalibration’ and not the start of an easing cycle, says deputy governor
PUBLISHED : 24 Oct 2024 at 17:00
Thailand’s current inflation target range of 1% to 3% has “served pretty well” and should not be changed, a deputy central bank governor said 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, Piti Disyatat said in an interview.
He said he was hoping for a…