FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok. REUTERS/Jorge Silva
BANGKOK: Thailand's central bank raised its key interest rate for the first time in nearly four years on Wednesday, lifting it by a quarter point as expected to fight surging inflation as the economic recovery gains momentum.
The Bank of Thailand (BOT), which had been among Asia's least hawkish central banks, finally joined most of its peers in raising rates as consumer inflation hovers near 14-year highs, though it stressed hikes will be gradual.
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