rooster59 Posted August 28, 2020 Share Posted August 28, 2020 Inflation targeting framework a boon for Thailand, says BOT By The Nation Titanun Mallikamas, assistant governor of the BOT’s Monetary Policy Group The Bank of Thailand (BOT) has highlighted how its inflation targeting policy allows flexibility in pursuing multiple objectives, after its US counterpart adopted the same policy. On Thursday, the US Federal Reserve announced a landmark switch to flexible inflation targeting – the same monetary policy used by Thailand. Titanun Mallikamas, assistant governor of the BOT’s Monetary Policy Group, commented that the FED had changed its monetary policy framework to better align with new economic conditions. The change will allow the bank to keep interest rates lower for longer, stimulating economic recovery to reduce unemployment. The BOT’s Monetary Policy Committee (MPC) uses Thailand’s flexible inflation targeting framework to ensuring price stability in the medium term, and also to stabilise economic growth and preserve financial stability. Flexible inflation targeting can take care of multiple policy objectives using different policy tools, depending on the nature and magnitude of shocks, explained Titanun. In the current context, it allows the use of policy tools other than the interest rate, such as financial sector measures which include soft loans and debt restructuring, to ensure that growth, inflation, and financial stability objectives are met. The BOT also routinely reviews the monetary policy framework to ensure it keeps pace with changing economic and financial environments, he added. Source: https://www.nationthailand.com/business/30393692 -- © Copyright The Nation Thailand 2020-08-29 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Enzian Posted August 29, 2020 Share Posted August 29, 2020 I listened to J. Powell's speech, and while I didn't follow every word, it seemed to me just a giant rationalization for doing what is now necessary and inevitable anyway, namely to debase the currency in order to get us out of this debt hole that the two party system has created. And on another note, the US has all these unused nuclear weapons, and China just sits there. Joking, but only partly. 1 Link to comment Share on other sites More sharing options...
JusticeGB Posted August 29, 2020 Share Posted August 29, 2020 The inflation figures produced in Thailand are a load of hog wash and easily manipulated so the moving target is easy to follow. Many landlords are refusing to lower rents and prefer to get no rent rather than lose face by giving tenants a lifeline during the pandemic. Probably around 50% of shops in Pattaya are boarded up now and none of those will reopen until the coronavirus disappears. 1 Link to comment Share on other sites More sharing options...
Leaver Posted August 29, 2020 Share Posted August 29, 2020 12 hours ago, JusticeGB said: Probably around 50% of shops in Pattaya are boarded up now and none of those will reopen until the coronavirus disappears. Many of them will simply not reopen. Link to comment Share on other sites More sharing options...
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