Thai governor clashes with government over inflation target

Sethaput warns of inflation risks amid ongoing dispute with prime minister

Bank of Thailand
The Bank of Thailand
George Johnson

The Bank of Thailand’s (BoT) governor has warned against the government’s suggestion to raise the inflation target, in the latest clash between the two institutions.

On June 18, governor Sethaput Suthiwartnarueput said changing the inflation target of 1–3% may un-anchor expectations and lead to quicker inflation. Five days earlier, prime minister Srettha Thavisin said an upcoming review of the inflation target should increase the chance of a rate cut.

“Setting a new range for inflation may give

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