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Bangkok Post
Bangkok Post
Business

Pace of rate rises will be gradual - Bank of Thailand

Bangkok cityscape along the Chao Phraya River on Aug 19, 2022. (Photo: Apichart Jinakul)

The Bank of Thailand (BoT) will raise interest rates gradually to ensure a smooth take-off as it fights inflation, its governor said on Wednesday.

Keeping inflation under control is key but there is no need for aggressive, heroically large rate hikes, BoT governor Sethaput Suthiwartnarueput told the Thailand Focus 2022 business forum.

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