BoT: Rate rises will be gradualBank of Thailand Governor Sethaput Suthiwartnarueput (Reuters photo)The central bank governor said on Monday that delaying an interest rate hike too long would not be good as inflation continues to rise. But any hikes will be gradual as concerns remain about a recovery in the vital tourism sector, he said. Last week, the Monetary Policy Committee left its key rate unchanged at a record low of 0.5%. The BoT will next review policy in August, when economists expect a rate increase. A weak baht at five-year lows against the dollar has not accelerated inflation much, he said, adding the BoT would not be complacent and would closely monitor.
Source: Bangkok Post June 13, 2022 14:07 UTC