Bank of Thailand to hike rates gradually to contain inflation

The Bank of Thailand (BoT) will raise interest rates gradually to curb inflation risks and ensure a smooth recovery as the economy is expected to return to pre-coronavirus-pandemic levels late this year or early next year, BoT governor Sethaput Suthiwartnarueput said.

The Thai economy is expected to grow about 3% this year and 4% next year, Mr Sethaput told a business seminar on Wednesday.

Source: https://www.bangkokpost.com/business/2386218/bank-of-thailand-to-hike-rates-gradually-to-contain-inflation-