Thai central bank to deliver third straight 25bps hike on Nov. 30

BENGALURU – The Bank of Thailand will raise interest rates by a modest quarter-point on Wednesday for a third straight meeting amid fragile tourism-reliant growth and signs inflation has started to ease, a Reuters poll of economists found.

The widely-expected move, which would take the benchmark rate to only 1.25 percent, constitutes one of the tamest central bank tightening campaigns in the world, underscoring ongoing worries about growth in Southeast Asia’s second-largest economy.

Thailand’s economy has lagged its regional peers and was not expected to return to pre-pandemic levels until early next year as its vital tourism sector, which makes up about 12 percent of output, has o…

Keep on reading: Thai central bank to deliver third straight 25bps hike on Nov. 30