Bank of Thailand governor explains changed policy stance

Prasarn Trairatvorakul

The governor of the Bank of Thailand, Prasarn Trairatvorakul, on August 29 said the central bank had halted a previous policy of interest rate hikes, describing 2012 as a year of "risks and reassessment".

Speaking at a conference in Bangkok, Prasarn said the bank had changed the policy stance due to the reconstruction process following floods earlier this year and persistent uncertainty surrounding the eurozone. "The challenge for policy is to maintain an overall framework where the trend of

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