Thailand's central bank raised its key interest rate for the first time in over seven years to curb financial stability risks. The Monetary Policy Committee voted 5-2 to raise the policy rate by a quarter-point to 1.75 percent, the Bank of Thailand said in a statement on Wednesday. The decision was in line with economists' expectations. Two members sought to hold the policy rate unchanged. The lat...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.