The Bank of Thailand (BoT) kept its benchmark interest rate steady in a split decision on Wednesday, as it flagged mounting inflation risks, and signalled its next move may be an increase.
The BoT’s Monetary Policy Committee (MPC) voted 4-3 to keep the benchmark rate at a record low 0.5%, according to a statement.
“The committee will assess the appropriate timing for a gradual policy normalization in accordance with the shift in the outlook and risks surrounding growth and inflation.”
The hawkish pause brings the BoT a step closer to joining peers the world over who have turned to tightening in the face of surging…
