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Thai Central Bank To Hike Another 50 bps

Forex News: Bank of Thailand is likely to raise its policy rate another 50 bps this year after today's 25bp hike to 3.5% to quell decade-high inflation, says KTB Securities economist Isara Ordeedolchest; expects 25bp hikes at each of next two Monetary Policy Committee meetings before BOT pauses to assess impact on inflation, growth. "The demand side from now on is going to be weakened. Inflation in the fourth quarter may start to stablilize.




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