Global Economic News

Thai Central Bank Hikes Rate By 25 Bps

Thailand's central bank lifted its key interest rate by another quarter point to the highest level in a decade and hinted that rates are unlikely to be raised again as inflation remains below target.

The Monetary Policy Committee of the Bank of Thailand unanimously voted to raise the benchmark rate to 2.50 percent from 2.25 percent.

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by Renju Jaya

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