Here's your summary from Bank of Thailand Chief: Current Inflation Target Range Is Appropriate (https://www.youtube.com/watch?v=Cez-cfrk1Pw) on the Bloomberg Television channel:
**TLDR:** Bank of Thailand Chief believes the current inflation target range of 1 to 3% is appropriate and effective in anchoring inflation expectations.
1. The Bank of Thailand Chief emphasizes that the current inflation target range of 1 to 3% has been successful in keeping inflation expectations anchored, even during periods of economic uncertainty.
2. There is pressure from the government to revise the inflation target range, but the Chief believes that increasing the range could lead to unanchored inflation expectations and higher borrowing costs.
3. Any decision to change the inflation target range will be a joint decision made in discussion with the Ministry of Finance.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro