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THAILAND: Central Bank Governor Says Targtetting No Level in THB

THAILAND
EM Bulletmarkets-real-timeAPACBulletGlobalEmerging Market NewsRegionThailand
  • ”THAI BOT CHIEF SAYS LAST WEEK'S RATE CUT IS RECALIBRATION” (BBG)
  • "THAI CENTRAL BANK GOVERNOR SAYS NO TARGET ON THE BAHT" (BBG)
  • Very much a repetition of last week’s rhetoric. The Bank of Thailand said during the media briefing that its unexpected rate cut was to recalibrate monetary policy and does not necessarily mark the start of an easing cycle. The central bank also played down accusations that the cut was made under political pressure.
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  • ”THAI BOT CHIEF SAYS LAST WEEK'S RATE CUT IS RECALIBRATION” (BBG)
  • "THAI CENTRAL BANK GOVERNOR SAYS NO TARGET ON THE BAHT" (BBG)
  • Very much a repetition of last week’s rhetoric. The Bank of Thailand said during the media briefing that its unexpected rate cut was to recalibrate monetary policy and does not necessarily mark the start of an easing cycle. The central bank also played down accusations that the cut was made under political pressure.