Thailand Lifts Interest Rate

Continuing its rate normalisation efforts, Thailand's central bank has lifted its key interest rate to 1.75%, a one-quarter of a percentage point increase from the previous 1.5% rate, reports the Wall Street Journal.

 

Despite the rate raise, the policy rate remains low, notes Bank of Thailand Assistant Gov. Paiboon Kittisrikangwan.

 

The Journal says Thailand's gross domestic product expanded 0.2% seasonally adjusted on quarter and 9.1% on year.

 

MORE ARTICLES ON CENTRAL BANKS, GROSS DOMESTIC PRODUCT, INTEREST RATES

 

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