Economic news
Thai central bank pledges gradual monetary policy adjustments
2022.07.22 07:53
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.