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Bangkok Post
Bangkok Post
Business

Thailand heads for third-straight modest rate hike as GDP recovers

Thailand GDP BoT Monetary Policy Committee Inflation Economic Growth Monetary Policy
Travellers walk through the arrivals terminal at Suvarnabhumi airport on July 1, 2022. (AFP photo)

The Monetary Policy Committee is set to raise its key rate by a quarter point for a third straight meeting as an accelerating economic growth aided by tourism revival risks stoking prices.

The MPC of the Bank of Thailand will increase the benchmark one-day repurchase rate by 25 basis points to 1.25% on Wednesday, according to all but one of 21 economists in a Bloomberg survey. One expects the central bank to hold the rate.

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