Thailand's central bank raised its key interest rate for the fifth straight meeting on Wednesday citing persistently high inflation as a key risk and hinted at more tightening to bring inflation back to the target.
The Monetary Policy Committee of the Bank of Thailand unanimously decided to lift the policy rate by 25 basis points to 1.75 percent. This was the highest rate since August 2019.
The committee decided to increase the policy interest rate to normalize the monetary policy stance in a gradual and measured manner toward a level consistent with long-term sustainable growth, the bank said in a statement.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.