Economics
Bank of Thailand Holds Interest Rate as Election Risks Mount
- All economists in survey predicted rate to stay at 1.75%
- Thais will vote on March 24 in first election since 2014 coup
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The Bank of Thailand left its benchmark interest rate unchanged on Wednesday, as expected, providing policy stability to investors days before the nation’s first election since a military coup five years ago.
The Monetary Policy Committee voted unanimously to hold its policy rate at 1.75 percent, the Bank of Thailand said in a statement on Wednesday, in line with the forecasts from all 21 economists in a Bloomberg survey.