BoT governor, finance minister to discuss inflation

Quick Summary:

Thailand's central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official said, as the government seeks a new goal with an eye on a rate cut that it has pushed for months.

"Without such aforementioned subsidy measures, average headline inflation over the previous 12 months would have resided within the monetary target range at 1.6%," the letter said.

Last month, Governor Sethaput Suthiwartnarueput said changing the target would put at risk credibility, inflation expectations and borrowing costs.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Rate Inflation Government Minister Year Target Central Thailand Bank Meeting Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 10:19:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 547 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 22304189

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