• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Thai Finance Minister says still wants higher inflation target after rate cut

by October 17, 2024
written by October 17, 2024

BANGKOK (Reuters) – Thailand’s government still wants to see a higher inflation target that will push up prices, the finance minister said on Thursday after the central bank’s surprise interest rate cut a day earlier.

Wednesday’s rate reduction will help increase liquidity and confidence, Pichai Chunhavajira told reporters.

The central bank unexpectedly cut its key rate by 25 basis points to 2.25%, the first reduction since 2020, following repeated calls by the government to ease policy to help revive Southeast Asia’s second-largest economy.

The central bank should consider the trend of interest rates in other countries when next deciding rates, Pichai said.

However, Pichai said a higher inflation target for 2025 would be desirable as he planned to discuss the current inflation target of 1% to 3% with the central bank this month.

“A higher inflation target will help increase inflation because this year it’s clear that inflation has not reached the target yet,” he said.

“We want to see inflation higher than now,” he said, adding it was uncertain that inflation would return to target in 2025.

Annual headline inflation was just 0.61% in September.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Tokyo Stock Exchange CEO says talks between firms and investors key to governance
next post
Taiwan stocks lower at close of trade; Taiwan Weighted down 1.21%

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Drake sues longtime label UMG for defamation over Kendrick Lamar’s ‘Not Like Us’
    • Parties unveil plans to rescue Germany from economic doldrums

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy