As much as I like to throw mud at the central bank of Thailand. While having a discussion with a friend yesterday regarding investments, he brought up a point stating that the Central Bank of Thailand’s foundation is one of the key reasons that Thailand has done so well and through its inflation-targeting has been able to keep Thailand on a relatively stable economic path. At first I scoffed at this notion, a Central Bank…doing a good job? That’s a scandalous comment in today’s world! However a night to think about it, and yup he’s right, so for a rare moment I shall applaud thee @ the BOT for doing a decent job since ’98 in keeping Thailand
on a straight path.
The Bank of Thailand’s Monetary Policy Committee voted 5:1 to keep the policy interest rate at 2.75% for a fourth straight month at its meeting on Wednesday, resisting the government’s calls for an easing as it strives to cool currency gains.
Source: Bangkok Post