Economics
Thailand Holds Key Rate in Rebuff to IMF Call for Easing
- All 24 economists in survey correctly predicted decision
- Central bank raised growth forecast this year to 3.4%
This article is for subscribers only.
Thailand’s central bank held its key interest rate near a record low and predicted faster economic growth this year and next.
The one-day bond repurchase rate was left at 1.5 percent, with monetary policy committee members unanimously in favor, the Bank of Thailand said in Bangkok on Wednesday. All 24 economists surveyed by Bloomberg predicted the decision.