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Bangkok Post
Bangkok Post
Business

Bank of Thailand signals rate hikes after opting for hawkish pause

Inflation BoT
Street vendors occupy pavements in the Siam Square shopping area, Bangkok. (Photo: Arnun Chonmahatrakool)

The Bank of Thailand (BoT) kept its benchmark interest rate steady in a split decision on Wednesday, as it flagged mounting inflation risks, and signalled its next move may be an increase.

The BoT’s Monetary Policy Committee (MPC) voted 4-3 to keep the benchmark rate at a record low 0.5%, according to a statement. 

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