The Bank of Thailand is likely to continue to raise interest rates this year to curb rising inflationary pressures, though such increases could hurt the stock market and the economy, say analysts.
The central bank's Monetary Policy Committee (MPC) raised the interest rate on Wednesday by 0.25% -- the third increase this year -- to 2.0% as it perceives the Thai economy has attained healthy economic growth year-on-year and could even exceed its growth forecast, said KGI Securities.
