Thai economy growing, policy to be adjusted to tackle inflation-central bank

27/6/2022 6:25:00 AM

Thai economy growing, policy to be adjusted to tackle inflation-central bank

Thai economy growing, policy to be adjusted to tackle inflation-central bank

BANGKOK : Thailand's economy will continue growing this year and next, driven by a recovery in domestic demand and tourism, the central bank said on Monday.The recovery has been clearer and could be better than expected while there is a greater risk inflation will be higher than projected, the Bank of Tha

BANGKOK : Thailand's economy will continue growing this year and next, driven by a recovery in domestic demand and tourism, the central bank said on Monday.The recovery has been clearer and could be better than expected while there is a greater risk inflation will be higher than projected, the Bank of Thailand officials told an analysts' meeting. Monetary policy should be adjusted in a timely manner to keep inflation expectations anchored, they said.

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LinkedIn BANGKOK : Thailand's economy will continue growing this year and next, driven by a recovery in domestic demand and tourism, the central bank said on Monday.LinkedIn SHANGHAI : China's central bank said on Saturday it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement (RMBLA) that will provide support to participating central banks in times of market fluctuations.LinkedIn TOKYO : Bank of Japan (BOJ) board members saw the need to maintain ultra-loose monetary policy to prop up wages and spur demand-driven rise in inflation, a summary of opinions at their June policy meeting showed on Monday.LinkedIn TOKYO: Many Bank of Japan (BOJ) policymakers saw stronger wage growth as key to sustaining the bank's 2 per cent inflation goal, according to a summary of opinions expressed at a June meeting, underscoring their resolve to maintain ultra-low interest rates.

The recovery has been clearer and could be better than expected while there is a greater risk inflation will be higher than projected, the Bank of Thailand officials told an analysts' meeting. Monetary policy should be adjusted in a timely manner to keep inflation expectations anchored, they said. Each participant will contribute a minimum of 15 billion yuan ($2. Source: Reuters . Source: Reuters.