Thai central bank says rate rise likely next year

Thailand's key policy interest rate is likely to rise next year following expected higher inflation, a deputy Bank of Thailand governor said on Friday. "The MPC (Monetary Policy Committee) has assessed that inflation is on the rise next year. Therefore, the monetary policy focus will be on stabilising the economy," BOT Deputy Governor told reporters.
"Next year the policy rate is likely to rise. But if we do it fast, it may affect the economy. If we do it too late, it could pressure inflation and the economic stability," Bandid added.