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Governor Sethaput said the Bank of Thailand is ready to adjust the pace of monetary tightening and would consider an off-cycle meeting if needed. He argued the baht is not unusually weak and that the currency's slide is driven by the strong dollar.
Headline inflation reached 7.86% in August, and the bank forecasts average inflation of 6.3% this year.
Persistent above-target inflation keeps pressure on Thai household and feed costs, while a weak baht adds to imported input costs. The central bank's gradual approach suggests no sharp policy reversal soon.
bangkokpost.comReuters, BloombergSep 29, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
