US interest rates are expected to rise to 4.4% by the end of this year, causing other currencies to weaken. With banks expected to increase their interest rates soon, hoteliers' hopes of making a profit this year are rapidly diminishing, she said. Raising Thai interest rates would affect the country's economic recovery, while only commercial banks would benefit, said Mr Chanchai. The Thai rate does not need to be raised as much as the US rate. Authorities should monitor the situation until the US cuts its interest rates," he said.

Source: Bangkok Post October 02, 2022 21:49 UTC