Thai central bank raises key policy rate to 2.25%

Thailand's central bank raised its key policy rate to a nine-year high to 2.25% from 2.00%, Intellasia.Net News reported. The move was made in an attempt to control inflation and maintain policy flexibility amidst a highly uncertain economic outlook.

The Bank of Thailand (BOT) noted that the Thai economy has been showing signs of improvement thanks to tourism and private consumption. Yet, there was a delay in export recovery and internal political concerns have increased the risks to the economic outlook.

Looking forward, the central bank will consider the economic and inflation outlook, as well as associated risk assessments, in deliberating a further policy rate hike, Intellasia.Net News noted.

The original news article and data contributions have been taken from the EMIS Professional database, which you can learn more about here.

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