Thai Central Bank’s Monetary Policy To Consider Economic Outlook, Inflation
BANGKOK, Nov 4 (NNN-TNA) – Thailand’s central bank said yesterday that, its monetary policy would take into account the country’s economic outlook, inflation rate and financial stability.
Despite the weakening of the Thai baht, the country’s capital flows remained normal, the Bank of Thailand (BOT) Assistant Governor, Chayawadee Chai-Anant said, in a statement, adding that, the monetary policy would be flexible and in accordance with the country’s conditions.
The statement came, after the U.S. Federal Reserve announced a fourth straight 75-basis-point rate hike on Wednesday, as part of its aggressive campaign against U.S. inflation, that’s running at multi-decade highs.
Chayawadee said, there would be short-term volatility in the Thai and global financial markets, after the Fed rate hike, and the BOT was closely monitoring the situation.
As of Wednesday, the baht has weakened 11 percent against the greenback this year, but the weakening was moderate compared with its regional peers, she said.
She advised the private sector to better manage risks to minimise the impact of market volatility.– NNN-TNA