For the first time in almost two years, the Bank of Thailand's Monetary Policy Committee on Wednesday decided to raised the benchmark repurchase rate from 1.25 per cent to 1.50 per cent as the Thai economy is expected to expand by 4.3 to 5.8 per cent this year.
This tightening of the monetary policy is meant to curb rising inflation which is expected to exceed the 0.5 to 3 per cent target range.
The Nation
