Bangkok - Thailand's central bank on Wednesday raised its benchmark interest rate for the first time in two years, hiking it 0.25 per cent to 3.5 per cent in an effort to curb inflation.
Duangmanee Vongpradhip, assistant governor of the Bank of Thailand's monetary policy division, said the hike to the bank's one-day bond repurchase rate was deemed necessary to keep inflation from getting out of control.
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Bangkok - Thailand's central bank on Wednesday raised its benchmark interest rate for the first time in two years, hiking it 0.25 per cent to 3.5 per cent in an effort to curb inflation.
