Thailand Central Bank Hikes Key Rate To 1.50%, Signals More Tightening

Bank of Thailand raised its interest rate by a quarter point at its January meeting on Wednesday, as expected, and policymakers signaled more hikes in future after they assessed that a tight monetary policy is still required to bring down inflation to the target range amid an on-going recovery in the economy that is driven by a rebound in the tourism sector on the return of Chinese tourists.

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