Gradual hike in policy rate to limit side effects: BoT minutes
Delaying hike in rates could pose more risks
The Bank of Thailand’s (BoT) rate committee held its key interest rate steady earlier this month, but noted that gradual hikes would allow the economy to adjust smoothly and limit negative side effects, minutes of the meeting showed on Wednesday.
The BoT is one of the few major Asian central banks to have kept rates at record lows since the pandemic, though the comments in the minutes indicate a more…