Thailand International Political Economy

The Bank of Thailand raised interest rates for a second month in a row in order to fight inflation that continues inflict the Thailand economy according to Bloomberg.

While the quarter point hike to 3.75 percent certainly will help quell Thailand inflation it will also impact Thailand economic growth as many other Asian markets are seeing 6 to 8 plus percent year over year growth.

Thailand inflation hit 9.2 percent last month at its fastest pace since 1998.