BOT’s chief confirms a rate hike but is not in a hurry to do so

Thailand’s Central Bank chief suggests a possible key interest rate hike, but it will depend on the country’s circumstances and is unlikely to be in the same direction as other major global economies due to Thailand’s different conditions, with the demand side primarily responsible for the growth in inflation.

Sethaput Suthiwartnarueput, governor of the Bank of Thailand, stated that in order to maintain Thailand’s five key economic aspects — foreign stability, fiscal stability, financial stability, price stability, and inflation — the country requires strong stabilization policies.

The Bank expects inflation to widen and peak in the third quarter of this year.

Mr. Suthiwartnarueput noted that the rate hike must not be too slow, as it would be damaging to monetary policy and interest policy if it comes too late.