Bank of Thailand Chair Says Tightening Unlikely to Be Aggressive

Thailand is unlikely to tighten monetary policy aggressively as inflation remains low and the economy needs support, the chairman of the nation’s central bank said.

At the same time, the current pace of annual economic expansion of about 4 percent is sufficient to begin policy normalization, Porametee Vimolsiri said in an interview. He stressed he was talking generally about the possible tightening cycle, rather than about the rate decision due Wednesday.

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