Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexCryptocurrenciesCybersecurityPress Releases

Thai central bank likely to keep raising key rate - official

08/10/2022 | 08:42am EDT
FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok

BANGKOK (Reuters) - The Bank of Thailand (BOT) is likely to continue raising its key interest rate as the current level is still very low, a senior BOT official said on Wednesday, hours after the bank hiked the rate for the first time in nearly four years to cool inflation.

"Inflation is expected to be higher in August and may only ease next year," Don Nakornthab, a senior BOT director said on the TAM-EIG YouTube channel. The BOT raised the benchmark rate by 25 basis points to 0.75% in a split 6-1 vote.

(Reporting by Orathai Sriring, Satawasin Staporncharnchai and Chayut Setboonsarng; Editing by Martin Petty)


© Reuters 2022
Latest news "Economy & Forex"
05:33pBritain's Kwarteng doubles down on tax cuts, promises fiscal discipline
RE
05:30pUK's Truss to delay vote on cutting 45% rate of tax - The Telegraph
RE
05:02pCholera kills at least seven in Haiti as disease returns
RE
04:43pChina's Xiaomi says will protect business interests after assets frozen in India
RE
04:18pLula leads Bolsonaro in Brazil election as first votes tallied
RE
04:03pMarketmind: Can Q4 stop the rot?
RE
03:57pEU leaders to discuss next steps on energy, Ukraine
RE
02:51pDebris cleared, Indonesia holds vigil for stadium disaster
RE
02:49pCredit Suisse executives reassure investors after CDS spike -FT
RE
02:18pTrump staffers not returning White House records, National Archives says
RE
Latest news "Economy & Forex"