Thailand lifts key rate by 25 basis points to 1% to curb inflation

Central bank eyes gradual tightening, with economy still on recovery course

20220926 Central Bank of Thailand

Thailand's central bank is trying to tame price hikes, with the country's headline inflation hitting a 14-year high of 7.86% in August. (Photo by Ken Kobayashi)

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- Thailand's central bank raised its key policy rate by another 25 basis points on Wednesday to 1.0% for the second consecutive time this year to curb inflation.

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