Finance Minister Arkhom Termpittayapaisith asked the Bank of Thailand to discuss with commercial banks whether they can raise their interest rates on a gradual basis in the event the central bank decides to raise its policy rate.
Mr Arkhom said the central bank shares the ministry’s goal of continuing a gradual Thai economic recovery.
He said every country is suffering from rising inflation based on the spike of global energy prices.
Recently central bank governor Sethaput Suthiwartnarueput said increasing the policy interest rate should not happen too late because inflation continues to rise.
State-run Government Savings Bank (GSB) vowed to try to maintain its interest rates for as long…
