22/02/2011 (MCOT.NET)  – Bank of Thailand (BoT) Deputy Governor Atchana Waiquamdee on Monday revealed the central bank was keeping a close watch on the country's accelerating inflation rate.

She conceded the accelerating inflation is one of the key factors the central bank considers when adopting monetary policy.

What the central bank is more concerned about is the public expectation of rising inflation, which could fuel inflationary pressure.

The bank began to witness the continued inflation rise in the past few months. A key to containing rising inflation is whether the monetary policy adopted by the bank boost's people’s confidence.

She said the spiraling prices of palm oil and other products would not push up the inflation rate markedly.

Ms Atchana added the ongoing inflationary pressure came from all directions including the global economic recovery, rising crude oil prices, higher agriculture product prices, increased wages for labour wage, higher salaries for civil servants and high liquidity in the system. (MCOTonline news)