BANGKOK: The Bank of Thailand (BoT) is expected to raise its key interest rate by 25 basis points (bps) tomorrow and then hold it at that level for the rest of this year and the next, marking an end to a modest tightening cycle, a Reuters poll shows.
Unlike most economies in South-East Asia, inflation in Thailand has already returned to the central bank’s target range of 1% to 3%, and the commerce ministry expects it to ease sharply in May due to a high base in 2022 and lower fuel prices.
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