Thailand Holds Key Rate

Thailand’s central bank held its key interest rate near a record low to support economic growth that’s lagging peers in Southeast Asia, Bloomberg reported. The one-day bond repurchase rate was left at 1.5%, with monetary policy committee members voting unanimously in favor, the Bank of Thailand said in Bangkok on Wednesday. All 23 economists surveyed by Bloomberg predicted the decision. Three years after the military seized power, Thailand’s economic expansion is trailing others in Southeast Asia, with the World Bank forecasting it will post the weakest growth among eight developing nations in the region.