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Thai central bank likely to keep raising key rate - official

Thai central bank likely to keep raising key rate - official

FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva

BANGKOK : 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 per cent in a split 6-1 vote.

Source: Reuters

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