The Bank of Thailand (BoT) raised its key interest rate modestly for a second straight meeting on Wednesday to tame 14-year high inflation and ensure a continued economic recovery, while maintaining its 2022 growth projection of 3.3%.
The recovery of Southeast Asia's second-largest economy has lagged that of other countries as its vital tourism sector has just started to rebound while investment remains sluggish, allowing the central bank to go slowly on rate hikes, despite bigger increases by many peers.
