Economics
Thai Central Bank Is Focused on Growth Ahead of Rate Review
- Governor says not worried about spike in inflation, Fed taper
- Central bank not targeting a pre-set level for baht: Sethaput
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Bank of Thailand is focused on aiding economic growth amid subdued inflation and is less worried about the U.S. Federal Reserve’s monetary actions, Governor Sethaput Suthiwartnarueput said ahead of the central bank’s rate meeting next week.
“Most of our rate trajectory will be dictated by domestic considerations,” Sethaput said, adding inflation, growth and financial system stability will be the key concerns for the central bank.