Communication emerges as key monetary policy tool for Thailand


FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok. REUTERS/Jorge Silva

BANGKOK: Analysts disappointed with the gradual pace of Thailand’s monetary policy tightening may be missing the point if they’re only looking at interest-rate actions, according to a central banker.

Going by Bank of Thailand (BoT) assistant governor Piti Disyatat’s suggestion, they should also take note of the authority’s open-mouth operations – the spoken or written words communicated by the central bank to direct market expectations.

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