Prasarn: Long-term stability is my priority | Bangkok Post: business

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Prasarn: Long-term stability is my priority

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Governor Prasarn Trairatvorakul has reaffirmed that the central bank's stance on monetary policy is to focus on long-term sustainability, not to serve a short-term focus or single objective. 

Bank of Thailand governor Prasarn Trairatvorakul gave an address on the economic outlook after presiding over Investment Expo 2013 at the Queen Sirikit National Convention Center yesterday. The event runs until Sunday and was organised by ‘Post Today’, a ‘Bangkok Post’ sister paper celebrating its 11th anniversary this year. PORNPROM SATRABHAYA

Finance Minister Kittiratt Na-Ranong yesterday urged the Bank of Thailand to opt for a lower interest rate, though the decision will ultimately be made by the Monetary Policy Committee (MPC) and its seven members _ four of whom come from outside the central bank.

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