Central Banks
Thailand Set for Another Rate Hike as Baht Falls
- Central bank to also provide its latest economic estimates
- Baht’s drop prompted calls last week for BOT measures
A customer hands money to a vendor at a wet market in Bangkok.
Photographer: Andre Malerba/BloombergThis article is for subscribers only.
Thailand is poised to raise its policy rate for a second straight meeting, with a handful of economists expecting a more aggressive tightening as the baht’s plunge to a 16-year low threatens to further stoke inflation.
Bank of Thailand will raise the benchmark one-day repurchase rate by 25 basis points to 1% on Wednesday, according to 18 of 23 economists surveyed by Bloomberg. The rest predict a half-point increase, the first such adjustment since 2005.