The Bank of Thailand's (BOT) monetary policy committee voted 6-1 to increase the one-day repurchase rate to 0.75% from a record low of 0.50%, which had been unchanged since May 2020.

One member voted to raise the policy rate by 0.50 percentage point. The rate was last raised in December 2018.

Seventeen of 20 economists surveyed by Reuters had expected a quarter-point hike, with the remaining predicting a half-point rise.

(Reporting by Orathai Sriring, Kitiphong Thaichareon, Satawasin Staporncharnchai and Chayut Setboonsarng; Editing by Kim Coghill)