A vendor at Bang Yai fresh market in Nonthaburi displays higher pork prices. (Photo: Pattarapong Chatpattarasill)
Thailand is expected to enter a cycle of policy rate hikes in the second half of this year in response to persistently high inflation, according to research houses.
If rate hikes are inevitable, the business sector suggests gradual increases to avoid negative impacts for reeling businesses.
While the Bank of Thailand’s Monetary Policy Committee (MPC) voted to keep the rate steady at its meeting last Wednesday, maintaining the rate since May 2020, the committee hinted at a possible rate hike in the future.
The committee voted 4 to 3 to maintain the policy rate at 0.50%. Three members voted to raise the policy rate…
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