Thailand ups interest rates by 25bps to 1.5%
Thailand hikes interest rates
BANGKOK – THAILAND’S central bank on Wednesday raised its key interest rate by 25 basis points to 1.5 per cent, the first such hike in almost two years, as the economy recovers from the effect of deadly unrest. ‘The economy should continue to grow,’ the Bank of Thailand said in a statement explaining its decision, which follows the end in May of two months of mass protests in Bangkok that hit …
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Thailand ups interest rates by 25bps to 1.5%
BANGKOK: Thailand’s central bank raised interest rates by 25 basis points on Wednesday, July 14, the first increase since the global financial crisis, citing the recovery in the economy and rising inflationary pressure across Asia.The Bank of Thailand raised its one-day repurchase rate to 1.50% from a record low of 1.25%, as expected, and analysts said another increase in August was likely to …
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