Bank of Thailand (BOT) concerned about Thailand inflation


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June 3, 2011



The Director of Monetary Policy of the Bank of Thailand (BOI), Mr.Amporn Saengmanee, stated Thailand inflation inclines to rise and surpass three percent (3%) in the second half of the year 2011. 

The Economic growth, especially in food or consumer goods, can cause expectations of inflation shock. Though, a stable or gradual of crude oil price in the global market at around 100 US dollar per barrel may affect Thailand inflation to drop for the first trimester of 2012. To encourage economic growth to eight percent (8%) which is campaigned for votes by a political party policy, such economic expansion also should not cause high inflation.




Although Thai economy presently has capability to grow by 4.5 per cent but if we accelerate economic expansion immoderately, a monetary inflationary pressure will rise. Therefore, monetary policies should take into account that Thailand inflation expectations should not be too high, the Director summarized.

However, the Bank of Thailand’s policy to raise interest rate is adjusting the negative real interest rate to a normal rate that conforms to and supports Thailand economic growth and stabilization.



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