Asian central banks have ‘positive’ record with dual mandates, says former BoT deputy

The track record of Asian central banks that have adopted a dual mandate to implementing both monetary and macro-prudential policy is "quite positive" so far, but raises concerns about central bank neutrality, according to Bandid Nijathaworn, former deputy governor of the Bank of Thailand.

A number of Asian central banks, including those representing Thailand, Indonesia, the Philippines and Sri Lanka, are now ready to deploy two different sets of instruments to pursue their monetary and macro-pr

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