Thailand's current policy rate is broadly neutral and the country's slower-than-expected economic growth forecast for this year did not constitute a crisis, its central bank chief told Reuters on Tuesday. Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput said he had no concern about negative inflation and the country's economic problems were due to structural issues and would not be solved by quick stimulus measures being pursued by the government. The government of Prime Minister Srettha Thavisin, a real estate mogul and political newcomer, has described the country's sluggish economy as being in "crisis", and aims to give it a jumpstart with his signature 500 billion baht ($14.05 billion) digital handout scheme to boost consumption.
The government could re-examine its 2016 legislative mandate and modify RBI’s inflation target to cover both WPI and CPI. An experimental producer price index can be the first step in moving to a regular index.
NEW DELHI: Wholesale price inflation remained in the negative zone for the fifth month in a row in August, largely led by deflation in fuel, power and.
"Chicken prices at the farm gate had dropped by close to 50% in July to about ₹55-60/kg from a high of ₹120/kg in June, which led to farmers cutting down the bird production. Lower production has helped the prices rise to an average of ₹80/kg at present," said Gulrez Alam, secretary general, All India Poultry Breeders Association.