World Economy

Thai CB to Boost Growth

Thai CB to Boost GrowthThai CB to Boost Growth

The Bank of Thailand will focus on driving economic growth and foreign exchange management next year, Yahoo reported. The current low rate of inflation allows the central bank to focus more on other factors, said Mathee Supapongse, the deputy governor overseeing monetary stability. Mathee said there has been more room to use monetary policy to support the government’s policy of stimulating economic growth and managing foreign exchange rates. He said the central bank’s inflation target for next year is being deliberated by the finance ministry before being sent to cabinet for approval.