Increase to 1.75% widely expected as central bank seeks to keep lid on inflation
The Bank of Thailand raised its key interest rate by 25 basis points for a fifth consecutive meeting on Wednesday, as it attempts to bring inflation back within target as the economic recovery gathers steam.
The central bank’s Monetary Policy Committee voted unanimously to raise the one-day repurchase rate to 1.75%, as widely expected. The rate has been increased by a total of 125 basis points since August.
Of the 22 economists polled by Reuters, 18…
