Eighth Straight Central Bank Rate Hike in Thailand

September 27, 2023

The Bank of Thailand surprised central bank watchers with yet another unanimous 25-basis point interest rate hike to a ten-year high of 2.50%. The rate benchmark had been 0.50% from May 2020 until an initial 25-bp increase in August 2022, and the latest on-year increase of CPI inflation (0.9%) remained below the target corridor of 1-3%.

Copyright 2023, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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