BANGKOK : Thailand's policy interest rate remains low and further tightening will be gradual to curb inflation risks as the economy continues to recover, a deputy central bank governor said on Sunday.The Bank of Thailand raised its main interest rate six times since August to 2 per cent to tame inflation
BANGKOK : Thailand's policy interest rate remains low and further tightening will be gradual to curb inflation risks as the economy continues to recover, a deputy central bank governor said on Sunday.
However, the rate is still"low and probably the lowest" in Southeast Asia, which will help future investment, the central bank's Mathee Supapongse told a business seminar.The central bank has said that a gradual tightening strategy will help to ensure continued recovery in Southeast Asia's second-largest economy, driven by tourism and private consumption.
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