Virabongsa: Inflation target ineffective
- Published: 8 Aug 2012 at 11.59
- Online news:
Monetary policy can no longer be solely relied on to tackle inflation, Bank of Thailand chairman Virabongsa Ramangura said during a speech late Tuesday.
Virabongsa: Inflation targeting is not effective. (Photo by Kosol Nakachol)
The central bank has used inflation targets since 2000 and aims to keep core inflation, which excludes fresh food and fuel prices, between 0.5 and 3.0 per cent.
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