Thai central bank pledges gradual monetary policy adjustments

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The Bank of Thailand logo is pictured in Bangkok

BANGKOK – Thailand’s central bank will prevent inflation from rising sharply, but at the same time ensure that any monetary policy adjustments are gradual, Bank of Thailand Governor Sethaput Suthiwartnarueput told a news conference on Friday.

The BOT is expected to raise its key interest rate from a record low of 0.50% at its next meeting on Aug.10.

(Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai; Editing by Ed Davies)