Inflationary risks had increased, while headline inflation would continue to drop
Thailand’s rate committee stuck by a pledge that monetary tightening would be gradual and measured, but noted it could be adjusted should the growth and inflation outlook shift from assessments, minutes of the meeting showed on Wednesday.
The minutes said monetary policy would face greater challenges in the period ahead, given a tradeoff between tackling inflation at a time of rising demand-side inflationary pressures amid an improving economic outlook and supporting the recovery where some businesses and households remained…
