Bank of Thailand raises key interest rate to 2.0%

Central bank tightens policy for sixth time as inflation lingers

20230530 Thai baht bank notes

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

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

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.

Sponsored Content

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