BoT's Watanagase on inflation targeting

In the speech 'Inflation targeting - a reflection on Thailand's experience' given on 13 November Tarisa Watanagase of the Bank of Thailand said despite all the good things inflation targeting has brought us, it is not a panacea.

"In other words, there are limits to inflation targeting. An apparent example here is development of asset prices. Also, past successes do not guarantee future success. The economic environment we live in today is inherently dynamic and continuously evolving. We therefore

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