Central bank governor defends passive role | Bangkok Post: business

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Central bank governor defends passive role

Goal is for stability, not to spur growth

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The Bank of Thailand's operating objective is to maintain economic stability conducive to growth rather than proactively pursuing it, says governor Prasarn Trairatvorakul. 

The relationship with governments is a challenge, says Dr Prasarn.

"Our goal of stability will lead to credibility, which will prevent long-term bond yields from jumping on inflation fears. If we can create confidence that we have discipline, then we can support growth in the long term," Dr Prasarn said in an interview with the Bangkok Post.

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