The Bank of Thailand’s (BoT) Monetary Policy Committee expected continued economic expansion with some upside risks as it raised the key interest rate last month for a sixth straight meeting, minutes of the meeting showed on Wednesday.
On May 31, the committee voted unanimously to raise the one-day repurchase rate by a quarter point to 2.00%, citing elevated core inflation.
Policy rate normalisation would be continued gradually, the minutes said, adding that real interest rates should be positive.
Despite multiple rate hikes, Thai interest rates remain low due to cuts during the Covid-19 pandemic. The central bank has pledged to…
