The central bank has revised up its assessment of the headline inflation rate for 2022 to 4.9%. ARNUN CHOLMAHATRAKOOLThe Bank of Thailand still maintains an accommodative monetary policy to support economic recovery and views that supply-side inflationary pressure will be a temporary factor. The central bank's Monetary Policy Committee (MPC) will balance monetary policy management prudently, weighting in economic growth, financial stability and the inflation rate amid Thailand's uneven economic recovery and global shocks. Under this scenario, the central bank would keep an accommodative monetary policy supporting an economic rebound, said Piti Distatat, the Bank of Thailand's assistant governor, monetary policy group, during an analysts' meeting on Monday. He said the central bank has also assessed an upward trend of the US Federal Reserve (Fed)'s policy rate to contain the surge in inflation.
Source: Bangkok Post April 19, 2022 05:57 UTC