Thailand set to hike key interest rate to 9-year high

The Bank of Thailand (BoT) is poised to deliver another rate increase in line with an unwavering post-pandemic tightening strategy despite rapid disinflation and political gridlock.

The central bank will raise the benchmark one-day repurchase rate by 25 basis points to 2.25% on Wednesday, the highest level since January 2014, according to 19 of 21 economists surveyed…