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Gradual hike in policy rate to limit side effects: BoT minutes

Gradual hike in policy rate to limit side effects: BoT minutes

Delaying hike in rates could pose more risks

A sign indicating 200 baht is displayed for pork at Bang Kapi fresh market in Bangkok on May 3, 2020 as inflation persists across the country. (Photo: Varuth Hirunyatheb)

The Bank of Thailand’s (BoT) rate committee held its key interest rate steady earlier this month, but noted that gradual hikes would allow the economy to adjust smoothly and limit negative side effects, minutes of the meeting showed on Wednesday.

The BoT is one of the few major Asian central banks to have kept rates at record lows since the pandemic, though the comments in the minutes indicate a more…

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