Thai c.bank raises key rate by 25 bps to 2.50%

BANGKOK: Thailand's central bank unexpectedly raised its key interest rate for an eighth straight meeting on Wednesday, despite slowing economic growth, below-target inflation and rising global uncertainties.

The Bank of Thailand's (BOT) monetary policy committee voted to hike the one-day repurchase rate by 25 basis points to 2.50%. The rate has now been raised by 200 basis points since last August.