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Bank of Thailand Raises Rates by 25bps to 2.25%

THAILAND

The Bank of Thailand raises their key interest rate by 25bps to 2.25%, alongside expectations.

  • The Bank disclose that the rate decision was unanimous, stating that they see additional rate hikes as dependent on inflation and the economy.
  • The Bank see inflation slowing to the target level, however they are monitoring upside risks.
No notable reaction across THB, with USD/THB within the day's range so far at 34.335.

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