Bank of Thailand raises key policy rate to 3 year-high of 1.5%

Central bank focused on inflation as regional peers make different moves

20230124 thai central bank

The Bank of Thailand has set an inflation target of 1% to 3%. (Source photos by Ken Kobayashi)

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- The Bank of Thailand on Wednesday raised its key interest rate for the fourth consecutive time by 25 basis points to 1.5%, the highest since September 2019, maintaining a tight monetary policy to keep inflation in check at a time when the economy is still recovering from the COVID pandemic.

Sponsored Content

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