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Bangkok Post
Bangkok Post
Business

Banks asked to freeze rates - finance minister

Street food vendors in front of CentralWorld shopping plaza in Pathum Wan district, Bangkok, on July 30, 2022. (Photo: Wichan Charoenkiatpakul)

Commercial banks should not rush to raise their interest rates even though the Bank of Thailand (BOT) will tighten monetary policy, Finance Minister Arkhom Termpittayapaisith said on Wednesday.

The central bank is widely expected to raise its key rate for the first time in nearly four years later on Wednesday.

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