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Bank of Thailand raises key rate to 1.75%, a four-year high

Economists expect central bank to maintain hawkish stance for now

Thailand's central bank is expected to maintain its hawkish monetary stance for a few more months as it tries to bring inflation down to its target range of 1% to 3%.   © Reuters

BANGKOK -- Thailand's central bank on Wednesday raised its key policy rate by 25 basis points (0.25%) to 1.75%, the highest point since August 2019, as it tries to bring inflation down to its target range.

The move was in line with a Reuters poll of economists in which 18 out of 22 respondents predicted the Bank of Thailand would raise its benchmark one-day repurchase rate by a quarter of a point at Wednesday's meeting.

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