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Bangkok Post
Bangkok Post
Business

BoT chief: Rate hikes to be gradual, baht to move with markets

Bank of Thailand Governor Sethaput Suthiwartnarueput (Reuters file photo)

Thailand will only gradually increase interest rates to tackle rising inflation and ensure an uninterrupted economic recovery, while the central bank will let the baht move in line with market forces, Bank of Thailand Governor Sethaput Suthiwartnarueput said on Monday.

The economic recovery is slow but intact, helped by improved consumption, he told a central bank seminar at the southern office in Hat Yai district of Songkhla province.

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