Thailand keeps key rate at 1.5pc
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.