Thai Central Bank raises policy rate to 10-year high ...Middle East

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BANGKOK: Thailand’s central bank raised its key policy rate to a 10-year high on Wednesday to control inflation and maintain policy flexibility amidst slowing economic growth and global uncertainties, reported Xinhua.The Bank of Thailand (BOT) monetary policy committee voted unanimously to raise the policy rate from 2.25 per cent to 2.50 per cent, bringing the key policy rate to its highest since October 2013.The Thai economy continued to recover despite a slower pace due to soft external demand, the BOT said in a statement, adding that the committee is monitoring inflationary pressures from the government’s proposed economic stimulus measures. The central bank projects headline inflation at

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Thai Central Bank raises policy rate to 10-year high ...Middle East

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