Bank of Thailand Expected to Hike Key Interest Rate to 2.25%, A Nine-Year High

Thailand’s central bank is poised to deliver another rate increase in line with an unwavering post-pandemic tightening strategy despite rapid disinflation and political gridlock.

Bank of Thailand will raise the benchmark one-day repurchase rate by 25 basis points to 2.25% on Wednesday, the highest level since January 2014, according to 19 of 21 economists surveyed by Bloomberg. The rest forecast a hold for the first time in a year.