Thailand’s central bank raises rates 25bp again
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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