Ministry, BoT prepare to set inflation target

Quick Summary:

The Finance Ministry and the Bank of Thailand are set to meet to establish the inflation target range for 2025, with the Finance Ministry proposing an increase of 0.5 percentage points over the current target range.

However, the Bank of Thailand may view a cut of 50 basis points as too significant and instead opt for a reduction of 25 basis points.

This discussion on the inflation target framework for the coming year takes place annually between the two agencies at the end of the year.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Policy Bank Points Central Target Finance Interest Range Inflation Ministry Source

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 05:44:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23313156

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