The Bank of Thailand’s Monetary Policy Committee (MPC) has unanimously voted to increase the key interest rate by 0.25%, to 1.00%, with immediate effect.
The central bank said, in a statement today (Wednesday), that the Thai economy continues its steady recovery, thanks to the improved tourism sector and increased consumption by the private sector.
It said that inflation remains high due to increased production costs, despite an easing in the demand pressure from prices of consumer products.
Source: Thai PBS World