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.
