(Bloomberg) -- Thailand’s central bank governor pushed back further against a government suggestion to raise the monetary authority’s inflation target...
-- Thailand ’s central bank governor pushed back further against a government suggestion to raise the monetary authority’s inflation target, spelling out the risks of such a move to Southeast Asia’s second-largest economy.S&P 500 Hits 30th Record of 2024 as Megacaps Rally: Markets WrapHow the US Mopped Up a Third of Global Capital Flows Since Covid
Such a move will likely boost borrowing costs for the government and the country as a whole, Sethaput said ahead of a joint review of the inflation goal with the Finance Ministry planned in August and September.Price gains returned to the BOT’s intended range in May, prompting policymakers to last week keep the key interest rate steady at 2.5% for a fourth straight time. Headline inflation is expected to average 1.1% in the second half, Sethaput said.
Sethaput described the high debt levels in the economy, particularly household indebtedness, as a problem that won’t go away anytime soon. While BOT chiefs are eligible to run for a second term in office, Sethaput said he won’t be in the running for the job as he would already hit the retirement age.Trump’s Planned Tariffs Would Tax US Households, Economists WarnCNN Data Reporter 'Speechless' By New Donald Trump-Joe Biden Poll: 'Holy Cow, Folks!'Donald Trump's daughter-in-law, who is the co-chair of the Republican National Committee, was accused of gaslighting with her claim.
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Sethaput Suthiwartnarueput Inflation Target Bloomberg Thailand Central Bank Governor Borrowing Costs Headline Inflation Minister Pichai Chunhavajira
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