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Inflation targeting appropriate : Chalongphob

Finance Minister Chalongphob Sussangkarn said after the meeting with academics, bankers and economists, that they have understood more of the Bank of Thailand's policies on baht problem particular the inflation targeting.

He said they are already convinced that the inflation targeting is suitable for the moment and there is a need to consider whether there should be any medium-term measures to implement.

In addition, if there is any new measure for medium term, it should be considered by weighting with whether it compromises foreign exchange risk management of private sector.

However, there is no conclusion toward any new measures at the meeting as widely expected by the market. Chalongphob repeated that there was no discussion of whether to reverse the capital control in the meeting. - The Nation

Anoma Srisukkasem

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Inflation targeting appropriate : Chalongphob

Finance Minister Chalongphob Sussangkarn said after the meeting with academics, bankers and economists, that they have understood more of the Bank of Thailand's policies on baht problem particular the inflation targeting.

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