ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Thailand raises key rate for first time in seven years

Central bank moves before general election-related uncertainty sets in

For the Bank of Thailand, one of the reasons for raising the interest rate was to tame a side effect from prolonged accommodative monetary policy.   © Reuters

BANGKOK -- The Bank of Thailand, the nation's central bank, has raised its key interest rate for the first time since 2011, in a move to ease growing financial concerns and potential market uncertainty related to the upcoming general election in February.

Following a meeting of its monetary policy board, the bank lifted the overnight repo rate by 0.25 percentage points to 1.75% on Wednesday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more