Bank of Thailand Raises Key Rate for First Time in Seven Years

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.

Bank of Thailand Raises Key Rate for First Time in Seven Years

  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. Following a meeting of its monetary policy board, the bank lifted the […]