Thailand’s central bank raised its benchmark interest rate to the highest level in nine years, amid concerns about upside risks to prices.
The Bank of Thailand’s Monetary Policy Committee voted unanimously to raise the one-day repurchase rate by 25 basis points to 2.25% on Wednesday, as seen by 19 of 21 economists in a Bloomberg survey, with the remaining two predicting no change. The key rate was at 2.25% back in January 2014.
