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.
Only six of the 27 economists polled by Reuters had predicted a quarter-point hike while the remaining 21 had forecast no policy change. - Reuters