Economists Are Almost Certain Thailand Key Rate Has Peaked at 2%
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Thailand’s central bank is ready to take its foot off the pedal after driving borrowing costs to the highest in eight years, according to many economists.
The Bank of Thailand on Wednesday raised its benchmark repurchase rate to 2% and signaled a tightening bias as it flagged lingering price risks, especially from tourism-led consumption and possibly higher spending by the incoming government.