22825
Thai Benchmark Rate Unchanged
World Economy

Thai Benchmark Rate Unchanged

The Bank of Thailand kept its benchmark one-day repurchase rate at 1.5% on Wednesday, citing the effect of recent monetary policy easing and the depreciation of the country’s currency, the baht, Nasdaq reported. The bank’s monetary policy committee voted unanimously to keep the rate at 1.5% for the second month in a row. It made two consecutive rate cuts in March and April in an effort to shore up the economy. “The [monetary policy] committee judged that the conduct of monetary policy has thus far eased monetary conditions, while the direction of exchange rate movement has stayed conducive to the economic recovery,” the central bank said in a statement.

Short URL : http://goo.gl/hx3Lmt

You can also read ...

Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...

Trending

Googleplus