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Economics
Central Banks

Financial Stability Keeps Thai Rates From Rising Fast

The central bank earlier retained the economy’s annual growth outlook for this year at 3.3%.

The central bank earlier retained the economy’s annual growth outlook for this year at 3.3%.

Photographer: Andre Malerba/Bloomberg
Corrected

The need for financial stability, one of the three main objective of the Bank of Thailand, is keeping monetary policy makers in the Southeast Asian nation from raising interest rates too fast. 

While trends in economic growth and inflation may support the case for a faster monetary policy normalization, doing so would unhinge financial stability, BOT Deputy Governor Mathee Supapongse said on Saturday, during an annual interaction with the media at a mountain resort 184 kilometers (114 miles) outside Bangkok.