Bank of Thailand governor Veerathai SantiprabhobThailand's monetary policy will remain accommodative in the medium term and any rate increases will not be continuous, the central bank said on Monday. There are more financial stability risks than inflationary pressure at the moment, Bank of Thailand (BoT) Governor Veerathai Santiprabhob told reporters. "In the medium term, accommodative monetary policy is still needed. The BoT's monetary policy committee wants to wait and see developments with the US-China trade war, inflation and economic growth, Mr Veerathai said. Last week, the committee voted 5-2 to leave the policy rate unchanged at 1.50%t, with two members voting for a hike.

Source: Bangkok Post September 24, 2018 07:18 UTC