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.
Economy
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
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