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Thai policy rate adequate to handle risks, inflation target appropriate, central bank says

Channel News Asia LogoChannel News Asia1d ago

Thai policy rate adequate to handle risks, inflation target appropriate, central bank says - Channel News Asia

Quick Summary:

BANGKOK : Thailand's policy interest rate is at an adequate level to address economic risks as the recovery is uneven, while the current inflation target range of 1 per cent to 3 per cent remains appropriate, the central bank said.

Piti on Wednesday told Reuters that talks this week between the central bank and the finance ministry over the inflation target were "constructive".

BOT Deputy Governor Piti Disyatat told Reuters last week the current policy stance was well balanced and the rate cut was a recalibration, not the start of an easing cycle.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 10:21:33 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23336416

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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