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Thai CB Retains Key Rate

Thai CB Retains Key RateThai CB Retains Key Rate

Thailand’s central bank on Wednesday left its key interest rate where it has stayed for more than two years, as there continues to be no incentive to cut and no need to raise it now, The Edge Market reported. As expected, the Bank of Thailand’s Monetary Policy Committee voted unanimously to keep the one-day repurchase rate at 1.50%, where it has been since April 2015. The MPC reiterated its long-held view that the current rate supports economic recovery, and that domestic liquidity is ample. It said Thailand’s growth outlook “improved further on the back of the expansion in merchandise and services exports. Meanwhile, domestic demand continued to expand at a gradual pace, although it was not sufficiently broad-based.”

 

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