The Bank of Thailand (BoT) should stay away from a steep policy tightening path to protect the economy’s nascent recovery while taming the fastest inflation in more than a decade, according to the finance minister.
“They have to make sure the economy recovers, and at the same time they can curb down inflation,” Finance Minister Arkhom Termpittayapaisith said in an interview at his office in Bangkok on Monday, two days before the Bank of Thailand’s rate review. “If you need growth, then the increase in the rate may be not so much surely.”
