Thai central bank raises key rate 25 bps as expected

TheStar Wed, Jan 25, 2023 03:46pm - 1 week View Original


FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva

BANGKOK: Thailand's central bank raised its key interest rate by 25 basis points for a fourth consecutive meeting on Wednesday, as it attempts to curb high inflation even as the return of Chinese tourists brightens the country's economic growth prospects.

The Bank of Thailand's (BOT) monetary policy committee voted unanimously to raise the one-day repurchase rate to 1.50% at its first review of the year.

Of 23 economists polled by Reuters, 21 had expected a quarter point hike while the remaining two forecast no change.

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