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Bangkok Post
Bangkok Post
Business

Monetary tightening faces challenges - Bank of Thailand

Thailand's central bank says monetary tightening would be gradual. (Photo: Apichit Jinakul)

Thailand's rate committee stuck by a pledge that monetary tightening would be gradual and measured, but noted it could be adjusted should the growth and inflation outlook shift from assessments, minutes of the meeting showed on Wednesday.

The minutes said monetary policy would face greater challenges in the period ahead, given a tradeoff between tackling inflation at a time of rising demand-side inflationary pressures amid an improving economic outlook and supporting the recovery where some businesses and households remained fragile.

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