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 curb inflationary pressure in Southeast Asia's second-biggest economy.
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 curb inflationary pressure in Southeast Asia's second-biggest economy.
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