Thai Monetary Policy Can ‘Look Through’ CPI Volatility, Central Bank Says
- Monetary policy still skewed to support economic recovery: BOT
- Prices pressures stem from supply factors, seen easing later
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Thailand’s central bank pledged to maintain its accommodative monetary policy stance to support a nascent economic recovery, saying it can “look through” short-term volatility in inflation.
“Inflation is accelerating as a result of supply-side factors,” the Bank of Thailand said in a presentation at an analyst meeting on Monday. “In the current context, the monetary policy can look through the short-term volatility.”