News Forum - Bank of Thailand to raise interest rates on Wednesday

[Thaiger]

Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput today announced interest rates will be raised on Wednesday to deal with potential inflation increases. Governor Sethaput is expected to raise interest rates by a modest quarter-point to take the benchmark rate to 1.25% underscoring ongoing worries about growth in Southeast Asia’s second-largest economy. Thailand’s economy lagged its Southeast Asia contemporaries and is not expected to return to pre-pandemic levels until early next year when the kingdom’s tourism sector makes a full recovery. Governor Sethaput offered some reassuring words before the modest interest rate hike. “It is not necessary to aggressively increase rates […]

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