monetary

Fed Chairman Jerome Powell made introductory remarks at the Community Bank Conference this morning, but nothing on monetary policy.

Economists say firmness in the latest tankan corporate survey—a key gauge of business sentiment—may encourage the BOJ to consider resuming monetary tightening at its next meeting from Oct. 29-30.

But at her victory press conference, she said the government should be responsible for monetary policy and called for close communication and coordination with the central bank.

The Bank of Thailand’s monetary policy committee voted five to two to keep the policy rate at 1.50%, hitting the pause button again after delivering three cuts this year.

She has since slightly softened her tone, while reiterating the government should “determine the direction of economic and monetary policy.”