BANGKOK, March 29 (Reuters) - Thailand's central bank
raised its key interest rate by 25 basis points for a fifth
consecutive meeting on Wednesday, as it attempts to bring
inflation back within target as the economic recovery gathers
steam.
The Bank of Thailand's (BOT) monetary policy committee voted
unanimously to raise the one-day repurchase rate to
1.75%. The rate has been hiked by a total of 125 basis points
since August.
Of the 22 economists polled by Reuters, 18 had expected the
BOT to raise the key rate by a quarter point while the remaining
four had forecast no change.
(Reporting by Orathai Sriring, Kitiphong Thaichareon and
Satawasin Staporncharnchai and Chayut Setboonsarng)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.