Bank of Thailand raised its interest rate by a quarter point at its January meeting on Wednesday, as expected, and policymakers signaled more hikes in future after they assessed that a tight monetary policy is still required to bring down inflation to the target range amid an on-going recovery in the economy that is driven by a rebound in the tourism sector on the return of Chinese tourists.
The Monetary Policy Committee of the Bank of Thailand unanimously decided to raise the policy rate by 0.25 percentage points to 1.50 percent from 1.25 percent, as widely expected.
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