Thai monetary tightening to be gradual, measured - c.bank minutes

Kitco Media
By Reuters
Published:
Updated:
Reuters
BANGKOK, Feb 8 (Reuters) - Thailand's rate committee stuck by a pledge that further monetary tightening would be gradual and measured, minutes of the meeting showed on Wednesday. On Jan. 25, the Bank of Thailand's monetary policy committee voted unanimously to raise the one-day repurchase rate by a quarter point to 1.50% to try to bring inflation back within target. It will next review policy on March 29, when economists forecast a further rate hike. (Reporting by Orathai Sriring Editing by Ed Davies)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.