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Bank of Thailand raises key interest rate to 2.0%

Central bank tightens policy for sixth time as inflation lingers

The Bank of Thailand raised its key interest rate a quarter point to 2.0% on May 31, as it seeks to head off inflation.   © Reuters

BANGKOK -- The Bank of Thailand on Wednesday has raised its key interest rate to 2.0%, its sixth consecutive hike, signaling that it is still worried about inflation as the Thai economy recovers.

The latest decision was in line with a Reuters poll, in which most economists predicted a rate hike.

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