Thai gradual rate hikes consistent with growth, inflation - c.bank minutes

Thai gradual rate hikes consistent with growth, inflation - c.bank minutes

BANGKOK, Aug 24 (Reuters) - Thailand's rate committee raised its key interest rate earlier this month and noted that gradual rate hikes were consistent with the country's growth and inflation, minutes of the meeting showed on Wednesday.

Monetary policy normalisation should be done in a gradual and measured manner in the period ahead, the minutes Link said.

On Aug. 10, the committee voted 6-1 to raise its key interest rate for the first time in nearly four years, by 25 basis points to 0.75%, to curb inflation. It will next review policy on Sept. 28.


Reporting by Orathai Sriring Editing by Kanupriya Kapoor