Thailand’s central bank raises interest rate for sixth consecutive time

Central bank highlights upside risks to inflation amid economy recovery

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Photo: Bank of Thailand

The Bank of Thailand today (May 31) raised its benchmark interest rate for the sixth consecutive meeting, bringing the policy rate up by another 25 basis points to 2%, the highest level since March 2015.

The seven-member monetary policy committee reached the decision unanimously. The central bank has raised the key rate by a total of 150bp since August last year.

In a statement, the committee said it expects a steady economic expansion but sees a need to monitor upside risks to inflation. It

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