The Bank of Thailand says the existing policy rate remains appropriate for economic recovery, while inflation is projected to stay within the target range.
The central bank’s Monetary Policy Committee (MPC) said it will consider comprehensive scenarios to make a well-informed decision on policy rate movements.
The Bank of Thailand has continued to increase its policy rate in accordance with the economic situation both globally and locally, in particular in the short- to medium-term, Piti Disyatat, the Bank of Thailand assistant governor for the monetary policy group and the MPC secretary, said on Monday.
“The central bank believes the prevailing monetary policy stance is on the right track. However, we are ready…
