Thailand Holds Rate on Rebound Optimism as Restrictions Ease
- Bank of Thailand leaves policy rate at 0.5% for 11th meeting
- Vaccinations, looser restrictions should support economy: BoT
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Thailand’s central bank held its key interest rate unchanged amid optimism that an economic rebound will hold, as Southeast Asia’s second largest economy loosens growth-stifling restrictions and virus cases ease.
The Bank of Thailand voted unanimously Wednesday to hold the one-day repurchase rate at a record-low 0.5% for an 11th straight meeting, as predicted by 19 of 22 economists in a Bloomberg survey. The other three expected a 25-basis point reduction, after two members of the rate-setting committee had voted to cut at the August meeting.