Bank of Thailand official calls for more flexible inflation targeting
Deputy governor says excessive policy fine-tuning can be counterproductive
The deputy governor of the Bank of Thailand has said central banks should adopt more flexible inflation-targeting frameworks.
Speaking at the Financial Street Forum in Beijing on October 18, Piti Disyatat said targeting had played a key part in helping central banks control inflation over the past 25 years.
However, he argued that to maintain this success, central banks would need to adjust their targeting frameworks to cope with emerging challenges.
Piti said that more persistent supply shocks –
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