Bank of Thailand increases rates for first time since 2011

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The Bank of Thailand increased interest rates today (December 19) for the first time since 2011 in a bid to curb financial vulnerabilities derived from a long period of accommodation.

The monetary policy committee increased the key policy rate by 25 basis points to 1.75%. Five rate-setters supported the decision as a way of fostering financial stability and creating policy space to tackle future crises. But the other two committee members opposed the measure, arguing global trade tensions could

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