ID :
162752
Mon, 02/21/2011 - 12:37
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Shortlink :
http://m.oananews.org//node/162752
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Thailand faces inflationary pressure, admits BOT
BANGKOK, Feb 21 (TNA) - The Bank of Thailand (BOT) admitted on Monday (Feb 21) that the Thai economy is now facing accelerating inflation due to pressuring factors from all directions.
Atchana Waiquamdee, BOT Deputy Governor for Financial Stability, said that the pressuring factors--which have been emerging over the past couple of months--include recovering global economies, as well as rising world crude oil and farm produce prices, wages, salaries and even high liquidity in the local financial and banking sectors.
Atchana acknowledged that the Thai central bank is closely monitoring the country's upward inflation, which is also boosted by a worrying factor, local consumers' speculative fears of higher inflation in the near future and consequent impacts, and that a most important move to quell Thailand's inflationary pressure at the moment is BOT's implementation of financial policies to effectively bring the rising inflation under control. (TNA)
Atchana Waiquamdee, BOT Deputy Governor for Financial Stability, said that the pressuring factors--which have been emerging over the past couple of months--include recovering global economies, as well as rising world crude oil and farm produce prices, wages, salaries and even high liquidity in the local financial and banking sectors.
Atchana acknowledged that the Thai central bank is closely monitoring the country's upward inflation, which is also boosted by a worrying factor, local consumers' speculative fears of higher inflation in the near future and consequent impacts, and that a most important move to quell Thailand's inflationary pressure at the moment is BOT's implementation of financial policies to effectively bring the rising inflation under control. (TNA)
