BANGKOK — Thailand's Finance Minister Pichai Chunhavajira will discuss the inflation target with the central bank governor, Prime Minister Srettha Thavisin said on Friday, adding additional stimulus measures would be announced next week. The government has been at loggerheads with the central bank for months over interest rates, with the prime minister calling for a rate cut to boost Southeast Asia's second-largest economy. The Bank of Thailand bank held its key interest rate steady at 2.50 percent at a review earlier this month. In May, when Pichai assumed office, he said he would review the inflation target of 1 percent to 3 percent with the central bank. The central bank has previously said that interest rates and the inflation target were suitable.

Source: Manila Times June 21, 2024 22:17 UTC