Govt shouldn't worry about inflation
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Narrowing the inflation target is one of four problems that the finance minister has assigned the Bank of Thailand (BOT) to solve.
Because the target range of 0.5-3.0 per cent (a gap of 2.5 percentage points) is too wide, it could be narrowed by raising the upper boundary less than the lower boundary, such as to a target range of 1.5-3.5 per cent (a gap of 2.0 percentage points). This means the inflation target as a whole will have been raised. Therefore, the policy interest rate would rise with it.
Since the government has given a sign for the BOT to ease its policy rate trend, it shouldn't worry about inflation. We should work together through relaxing both monetary and fiscal policy to boost economic growth.
Sutipunt Bongsununt
Kanchanaburi
