Thai central bank chief upbeat about progress

THAILAND - The managed float of the baht and inflation-targeting system are appropriate for setting monetary policy in current economic circumstances, according to M.R. Pridiyathorn Devakula, governor of the Bank of Thailand, reports the Bangkok Post.

The use of the two systems offered flexibility to regulators while maintaining price stability, he said in an opening speech at the central bank's annual economics symposium Wednesday.

The two-day seminar is titled, "On the Road to Sustainable Gro