Bank of Thailand MPC insists rising inflation is ‘not immediate threat’
Rising inflation is not an "immediate threat" to the Thai economy and there is still "room for monetary policy easing" according to the Bank of Thailand's monetary policy committee (MPC).
The MPC cut the benchmark interest rate by 25 basis points to 2.25% in its November meeting. Minutes from the meeting, released today, show the committee members were concerned by weak domestic demand and the possibility of a "slower-than-expected" global economic recovery.
Year-on-year inflation jumped from 1
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