Central Banks
Thailand Set to Hike Key Interest Rate to Nine-Year High
- Authorities cite tourism revival, firmer growth as price risks
- HSBC, Kasikorn Research, OCBC see BOT nearing end of hikes
Sethaput Suthiwart-Narueput, governor of the Bank of Thailand.
Photographer: Luke Duggleby/BloombergThis article is for subscribers only.
Thailand’s central bank is poised to deliver another rate increase in line with an unwavering post-pandemic tightening strategy despite rapid disinflation and political gridlock.
Bank of Thailand will raise the benchmark one-day repurchase rate by 25 basis points to 2.25% on Wednesday, the highest level since January 2014, according to 19 of 21 economists surveyed by Bloomberg. The rest forecast a hold for the first time in a year.