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Hike in Thai policy interest rate to be gradual - central bank

Channel News Asia LogoChannel News Asia1 mo ago

Hike in Thai policy interest rate to be gradual - central bank

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BANGKOK : Thailand's central bank said on Thursday any hikes in its benchmark interest rate to tame above-target inflation would be gradual, as the economy faces a slow recovery and a weakening baht currency.

The baht was on Thursday trading near its weakest level in five and a half years against the greenback.

Sakkapop said the baht had weakened quite fast and would be more volatile, driven by fast-rising U.S.interest rates.


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Article Details

Category: Economy

Topics: Bank Year Sakkapop Rate Baht Cent Mediacorp Central Inflation Thailand Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 11:54:36

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 456 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5561

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 39m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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