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Control of inflation to be goal of monetary policy in Thailand.

Bangkok Post (Bangkok, Thailand)

| July 01, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Parista Yuthamanop

Jul. 1--Thailand's monetary policy will be aimed at keeping a lid on inflation to maintain the country's attractiveness for foreign investment in order to ensure sustainable economic growth, according to M.R. Pridiyathorn Devakula, the governor of the Bank of Thailand.

M.R. Pridiyathorn said consumer goods prices were expected to remain at "appropriate levels" for the economy this year, even as high global oil prices have led to steep price hikes in recent months.

But he said the government should allow retail petrol prices to float in line with market forces to encourage conservation and reduce pressure on the trade ...

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