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Economic news

Thai central bank pledges gradual monetary policy adjustments

07/22/2022

Less than a minute

2022.07.22 07:53

Thai central bank pledges gradual monetary policy adjustments
FILE PHOTO: The Bank of Thailand logo is pictured in Bangkok, Thailand, August 5, 2016. REUTERS/Chaiwat Subprasom

BANGKOK (Reuters) – Thailand’s central bank will prevent inflation from rising sharply, but at the same time ensure that any monetary policy adjustments are gradual, Bank of Thailand Governor Sethaput Suthiwartnarueput told a news conference on Friday.

The BOT is expected to raise its key interest rate from a record low of 0.50% at its next meeting on Aug.10.

Source

07/22/2022

Less than a minute