BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments

Thai governor speaks about higher inflation, sustainable finance challenges, CBDC experiments and payments governance

There has been a dramatic shift in the central banking environment during the past year in most of the world from one where monetary policy was pinned closely to the zero lower bound, to rapidly rising prices and central banks having limited policy influence due to their inability to affect inelastic supply. How significant is this challenge for Bank of Thailand and for the broader central banking community?

It’s a big challenge, in terms of our thinking, our models, our playbooks and our

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