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Monday, June 27, 2022

No need for special rate meeting

BoT: No need for special rate meeting

Central bank believed to favour rate hike to tame inflation, but next meeting not until Aug 10

The Bank of Thailand says six annual interest rate meetings are sufficient for obtaining information for considering monetary policy, in a response to market speculation about an urgent meeting about an interest-rate increase.

The central bank’s comment came in a text message response to a question from media about whether there would be a special meeting about raising the key rate.

The next scheduled meeting of the central bank’s monetary policy committee is Aug 10.

Government leaders have been publicly making a case for keeping interest rates lower for longer, a call that is putting them at…

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