BANGKOK : Thailand's central bank delivered a widely expected hike in its key interest rate on Wednesday, adding 25 basis points in a sixth consecutive meeting to curb inflation risks as the economy gathers strength against rising global uncertainties.The Bank of Thailand's (BOT) monetary policy committee
BANGKOK : Thailand's central bank delivered a widely expected hike in its key interest rate on Wednesday, adding 25 basis points in a sixth consecutive meeting to curb inflation risks as the economy gathers strength against rising global uncertainties.
"Inflationary risks stem from greater demand pressures amid expanding economic activity and higher cost pass-through from supply pressures," it said, adding that inflation should continue to decline at a gradual pace. The Thai economy expanded faster than expected in the first quarter helped by recovering tourism, and the return of Chinese tourists following the country's reopening.
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