The Bank of Thailand’s Monetary Policy Committee increased its policy rate by 0.25 percentage points to 2% on May 31.
Research houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers.
SCB Economic Intelligence Center (EIC), a research unit of Siam Commercial Bank, predicts the central bank’s Monetary Policy Committee (MPC) will raise its policy benchmark rate by a quarter percentage point in both August and September. Under the projection, the rate would increase to 2.5% from the current 2%.
Even though the inflation rate is within the central bank’s target…
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