Thailand Central Bank Delivers First Rate Hike Since 2011

Thailand’s central bank raised its benchmark interest rate for the first time since 2011, joining peers in the region in tightening monetary policy this year.

Five of the seven committee members at the meeting voted to raise the one-day bond repurchase rate to 1.75 percent from 1.5 percent, the Bank of Thailand said in a statement on Wednesday. Two voted for the rate to be kept unchanged.