(Bangkok Post photo)Thailand is in no rush to tighten its monetary policy despite rising global interest rates, thanks to ample domestic liquidity and benign inflation, the central bank governor said on Thursday. The central bank will focus on domestic factors in deciding monetary policy, Bank of Thailand Governor Veerathai Santiprabhob told reporters. "For Thailand, there is no need to raise interest rates quickly, despite higher global interest rates," he said. Last week, the Bank of Thailand (BoT) left its policy interest rate steady at 1.50%, noting it did not give "special weight" to rises in US interest rates. Most analysts expect no change for the rest of 2018, while some predict a rise in interest rates in the second half of the year.

Source: Bangkok Post February 22, 2018 07:51 UTC