Thai PM suggests adjusting inflation target range to potentially lower interest rates.
Thai PM, Srettha Thavisin, believes setting a new inflation target range could increase the chances of interest rate cuts, as the current 1-3% target since 2020 has been a hindrance. Finance Minister Pichai Chunhavajira plans to meet the central bank chief to review the inflation target range and adjust interest rates accordingly. The PM believes the current 2.5% policy rate is hurting the economy and public.
June 13, 2024
3 Articles