Thailand’s central bank raises rates 25bp again

Inflation reaches highest level since 2008 as baht weakens

Bank of Thailand
The Bank of Thailand
George Johnson

The Bank of Thailand delivered its second consecutive 25 basis point rate increase today (September 28) amid rising inflation and a weakening currency. The seven-member monetary policy committee unanimously voted to raise the rate to 1%, following a 25bp rise in August.

“The committee judges that the Thai economy will continue to recover but with increased inflation risks,” the BoT said in a statement. It added that the policy rate should be normalised in a “gradual and measured” manner to the

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