BANGKOK : Thailand's central bank is highly likely to raise its key policy rate at its August meeting, an official said on Friday, as its economic recovery gains more traction and as other central banks tighten monetary policy to contain inflation.
The BOT's next scheduled policy meeting is on Aug. 10, when economists expect a hike in the key rate from a record low of 0.50 per cent, which has been left unchanged since May 2020. Despite interest rate differentials, the BOT's interest rate decisions will not mainly depend on capital movements but rather on the domestic economy, Don said.
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