Thailand announces 1st policy rate hike in over 3 years to contain inflation

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Thailand announces 1st policy rate hike in over 3 years to contain inflation

STORY: Thailand announces 1st policy rate hike in over 3 years to contain inflation DATELINE: Aug. 11, 2022 LENGTH: 00:01:59 LOCATION: Bangkok CATEGORY: ECONOMY SHOTLIST: 1. various of outside of Thailand's central bank 2. various of Thai bank 3. various of supermarket in Bangkok 4. various of port, containers 5. various of manufacturing plants STORYLINE: Thailand's central bank announced on Wednesday to raise the key policy rate by 0.25 percentage point, its first rate hike since late 2018, to contain the rising inflation. The Bank of Thailand (BOT) monetary policy committee voted 6-1 to raise the policy rate from 0.50 percent to 0.75 percent, effective immediately. The country's first policy rate hike in more than three years came as its economic recovery continued to strengthen while inflation growth stayed at high levels. The committee expected the Thai economy to continue recovering with strong momentum because of a larger-than-expected number of foreign tourist arrivals following the rela

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