Bank of Thailand raises interest rate by 25 basis points

Bank of Thailand
Photo: George Johnson

Thailand’s central bank raised its policy rate by 25 basis points for a third straight meeting, as it sought to balance between controlling inflation and supporting an economic recovery.

The Bank of Thailand’s monetary policy committee unanimously voted to raise the policy rate from 1% to 1.25%. It has been raising the official rate from a pandemic low of 0.5% since August.

“The committee deems that a gradual policy normalisation remains an appropriate course for monetary policy given the

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