Thai banks urged to freeze rates even if cbank hikes policy rate-Finance Minister

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BANGKOK : Thailand's commercial banks should not rush to raise their interest rates even though the central bank will tighten monetary policy, the finance minister said on Wednesday.The Bank of Thailand is widely expected to raise its key rate for the first time in nearly four years later on Wednesday.

BANGKOK : Thailand's commercial banks should not rush to raise their interest rates even though the central bank will tighten monetary policy, the finance minister said on Wednesday.

The economy remains strong and can cope with any wage increases later this year, Arkhom Termpittayapaisith told reporters.

 

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