Thai inflation slowing, no need for aggressive rate hikes

BANGKOK: Thailand’s inflation will likely slow down this year and there is no need for the central bank to raise interest rates aggressively like other countries, a deputy central bank governor said on Wednesday.

Policy normalisation will be gradual and will not affect the economy, which is improving this year and will be even better in 2024, Deputy Governor Mathee Supapongse told an economic forum.