Thai­land keeps key rate at 1.5pc

New Straits Times - - Business -

BANGKOK: Thai­land’s central bank yes­ter­day left its key in­ter­est rate where it has been for more than two years — and it could stay there for quite some time, as there is no in­cen­tive to cut and no need to raise it. The Bank of Thai­land’s Mone­tary Pol­icy Com­mit­tee (MPC) voted unan­i­mously to keep the one­day re­pur­chase rate at 1.5 per cent, where it has been since April 2015. “The Thai econ­omy’s growth out­look im­proved fur­ther de­spite un­cer­tain­ties on the ex­ter­nal front. Mean­while, de­mand-pull in­fla­tion­ary pres­sures re­mained low,” said the MPC.

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