Central Banks
Thailand Heads for Third-Straight Modest Rate Hike as GDP Recovers
- Elevated inflation, economic recovery make case for rate hike
- Central bank may revise its key economic assumptions
Workers unload flowers from a truck at a market in Bangkok.
Photographer: Luke Duggleby/BloombergThis article is for subscribers only.
Thailand is set to raise its key rate by a quarter point for a third straight meeting as an accelerating economic growth aided by tourism revival risks stoking prices.
The Bank of Thailand will increase the benchmark one-day repurchase rate by 25 basis points to 1.25% on Wednesday, according to all but one of 21 economists in a Bloomberg survey. One expects the central bank to hold the rate.