Economy

Thailand raises key rate to 0.75% in 1st hike for nearly 4 years

Central bank weighs growth, risk of inflation in shift to tighter monetary policy

20220810 Bangkok's port

In the first six months of 2022, Thai exports rose 12.7% year on year, pushing up the country's growth. © Reuters

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer
August 10, 2022 16:16 JST
Updated on August 10, 2022 17:09 JST

BANGKOK -- Thailand's central bank on Wednesday raised its key policy rate by 25 basis points (0.25%) to 0.75%, aiming to keep the country's increasing inflationary pressures in check.

That matched expectations for the Bank of Thailand to raise the rate by 25 basis points.

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