ID :
193314
Wed, 07/06/2011 - 14:58
Auther :
Shortlink :
http://m.oananews.org//node/193314
The shortlink copeid
BOT: New Thai government's wage hike unlikely to cause inflation surge
BANGKOK, July 6 (TNA) - The Bank of Thailand (BOT) said Wednesday that the newly-elected Pheu Thai government, once taking office in the coming weeks, is believed to raise its campaigned 300-baht daily minimum wage phase by phase and will, therefore, not cause an inflation surge in the country as some have feared.
Mathee Supapongse, Senior Director of BOT's Domestic Economy Department, acknowledged that a single wage hike by 300 baht per day equally throughout the country appears to be economically impractical, and that any wage hike needs to be officially approved by a tripartite committee comprising of government officials concerned and representatives from local employers and employees.
The new Pheu Thai Party-led coalition government will, thus, according to the Thai central bank senior official, likely abide with the tripartite panel's resolution on, the, most probably, gradual wage hike until achieving its campaigned 300 baht per day.
The BOT senior director also ensured that the Thai central bank has a clear policy on giving the priority to containing the country's inflation at an economically-optimal level through its monetary policies, taking the sustainable national economic expansion, with low risks, into account. (TNA)
Mathee Supapongse, Senior Director of BOT's Domestic Economy Department, acknowledged that a single wage hike by 300 baht per day equally throughout the country appears to be economically impractical, and that any wage hike needs to be officially approved by a tripartite committee comprising of government officials concerned and representatives from local employers and employees.
The new Pheu Thai Party-led coalition government will, thus, according to the Thai central bank senior official, likely abide with the tripartite panel's resolution on, the, most probably, gradual wage hike until achieving its campaigned 300 baht per day.
The BOT senior director also ensured that the Thai central bank has a clear policy on giving the priority to containing the country's inflation at an economically-optimal level through its monetary policies, taking the sustainable national economic expansion, with low risks, into account. (TNA)
