Central bank will keep moving towards rate ‘normalisation’ based on inflation trends
“We would like to build more policy space,” says Bank of Thailand deputy governor Mathee Supapongse, who favours another rate increase. (Photo: Reuters)
The Bank of Thailand says there is no need to wait and see what policies are formulated by the new government before deciding whether or not to raise interest rates further.
The central bank aims to continue normalising interest rates and the recent election and efforts to form a new administration should have no bearing on monetary policy, deputy governor Mathee Supapongse told reporters on Thursday.
Despite recent increases, Thai interest rates are still…
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