Jump to content

The Central bank defends its decision to increase policy rate


snoop1130

Recommended Posts

main-16-1.png

 

The Bank of Thailand has defended the recent decision by the Monetary Policy Committee to maintain the policy rate at 2.50%, claiming that the decision was based on the principle that the policy rate must not pose an obstacle to economic growth, not affect financial stability or inflationary framework in the Thai economic context.

 

The statement was made by Piti Disyatat, assistant governor of the monetary policy group today, in response to Prime Minister Srettha Thavisin’s comment last week that the policy rate is too high and does not correspond with the declining inflation rate.

 

The central bank’s monetary policy committee decided to increase the policy rate by 25 basis points last September. The rate was reconfirmed in last November and the central bank to due to consider the policy rate again in February.

 

Caption: File photo : Piti Disyatat, assistant governor of the monetary policy group

 

Full story: Thai PBS 2024-01-16

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...