Thai PM meets governor after unexpected rate rise

BoT said new government’s spending package is an inflation risk, as currency falls

Bank of Thailand
Bank of Thailand
George Johnson

Thailand’s prime minister met with central bank governor Sethaput Suthiwartnarueput on October 2, following an unexpected policy rate increase and warning about government fiscal policy.

The Bank of Thailand’s 25 basis point increase, announced on September 27, surprised market experts. In its statement, the monetary policy committee said it was “attentive to the upside risks to inflation stemming from possible demand-side pressures related to government economic policies”.

The MPC said

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