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Friday, May 3, 2024

BoT keeps its options open on rates

Governor says data will determine move

An employee gathers baht notes at a Kasikornbank branch. The central bank says it is following a gradual policy normalisation strategy. (Photo; Reuters)

The Bank of Thailand can either hike or maintain its policy rate next month depending on economic data, says the central bank’s governor.

Following a policy rate normalisation strategy, the Bank of Thailand aims to support an economic recovery, maintain price stability and preserve financial stability based on its assessments, central bank governor Sethaput Suthiwartnarueput said at a…

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