Thailand braves politician's wrath, hikes rates

The Bank of Thailand has raised its key rate a quarter point for the second-straight month to 3.75% despite the Thai finance minister's objections to the July decision.

Surapong Suebwonglee, the finance minister, openly disagreed with the central bank's decision to raise rates for the first time in two years in July. But the central bank's Monetary Policy Committee said Wednesday that high inflation justified a further increase, despite slower-than-expected economic growth in the three months to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.