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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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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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