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Thai finance minister and central bank to discuss inflation target

CNA – Thailand’s Finance Minister Pichai Chunhavajira will discuss the inflation target with the central bank governor, Prime Minister Srettha Thavisin said yesterday, adding additional stimulus measures would be announced next week.

The government has been at loggerheads with the central bank for months over interest rates, with the prime minister calling for a rate cut to boost Southeast Asia’s second-largest economy.

The Bank of Thailand bank held its key interest rate steady at 2.5 per cent at a review earlier this month.

The next rate review is on August 21.

In May, when Pichai assumed office, he said he would review the inflation target of one per cent to three per cent with the central bank.

Thai Prime Minister Srettha Thavisin. PHOTO: CNA