Central Banks
Communication Emerges as Key Monetary Policy Tool for Thailand
- BOT has stepped up policy speeches, social media posts
- Piti says BOT’s job is to stabilize markets, not add chaos
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Analysts disappointed with the gradual pace of Thailand’s monetary policy tightening may be missing the point if they’re only looking at interest-rate actions, according to a central banker.
Going by Bank of Thailand Assistant Governor Piti Disyatat’s suggestion, they should also take note of the authority’s open-mouth operations -- the spoken or written words communicated by the central bank to direct market expectations.