Central Banks
Thai Central Bank Chief Says It’s Time to Pause on Rates
- Bank of Thailand raised rates earlier this week to 2.50%
- Inflation is seen within target this year and the next
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Thailand’s central bank Governor Sethaput Suthiwartnarueput said interest rates have reached neutral level and it’s time to hit the pause button on tightening.
If economic growth and inflation are in line with the Bank of Thailand’s expectation, then the rate will stay at the current level “for a while,” he told reporters in Bangkok on Friday. The BOT this week raised borrowing costs by a quarter-point for an eighth straight meeting to 2.50%.