Thailand signals rate hikes after opting for hawkish pause

The Bank of Thailand’s (BoT) rate-setting committee voted four-to-three to keep the benchmark rate at a record low 0.5%, according to a statement. The decision was forecast by 22 out of 24 economists in a Bloomberg survey.

BANGKOK: Thailand’s central bank kept its benchmark interest rate steady in a split decision yesterday, as it flagged mounting inflation risks, and signalled its next move may be an increase.

The Bank of Thailand’s (BoT) rate-setting committee voted four-to-three to keep the benchmark rate at a record low 0.5%, according to a statement. The decision was forecast by 22 out of 24 economists in a Bloomberg survey.