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Bangkok Post
Bangkok Post
Business

Bank of Thailand to go for another modest 25 bps hike on Wednesday

Bank of Thailand Governor Sethaput Suthiwartnarueput speaks during his first briefing on the economy and monetary policy after taking office on Oct 20, 2020. (Reuters photo)

BENGALURU: The Bank of Thailand will deliver another 25 basis-point rate hike on Wednesday, its second in a row, even as many of its peers opt for larger increases to fight high inflation, a Reuters poll showed on Monday.

Despite inflation in Thailand jumping to a 14-year high in August, the recovery in Southeast Asia's second-largest economy has lagged that of others as its vital tourism sector struggles to rebound, prompting the BoT to move slowly on rate hikes.

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