Minutes of last rate meeting show members remain concerned about lingering inflation
Bank of Thailand policy makers backed continuing their gradual and measured approach as they raised interest rates last month, minutes of their meeting showed, citing risks that inflation could stay higher for longer than expected.
The central bank’s monetary policy committee (MPC) voted unanimously on March 29 to raise the one-day repurchase rate by a quarter point to 1.75% to try to curb inflationary pressures.
Policy tightening would continue as the committee expected headline…
