Reported 8 months ago
Thailand’s central bank governor, Sethaput Suthiwartnarueput, has strongly opposed the government's suggestion to raise the inflation target, highlighting the risks it poses to the country’s economy. He emphasized that the current inflation target range of 1%-3% is suitable and any adjustment may lead to faster price increases and higher borrowing costs. The governor's stance reflects the central bank's resistance to government pressure to reduce borrowing costs, causing investor concerns and significant outflows from Thai stocks and bonds this year.
Source: YAHOO