Thailand Keeps Rate Steady at a Decade High as Growth Ebbs
- Benchmark rate maintained at 2.50% level last seen in 2013
- Broad trajectory of economy is one of continued recovery: BOT
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Thailand’s central bank kept its benchmark interest rate unchanged for the first time in 17 months, as policymakers look to support the economy’s recovery amid subdued inflation.
The Monetary Policy Committee voted unanimously to maintain the one-day repurchase rate steady at 2.50% on Wednesday, as expected by all 22 economists in a Bloomberg survey. The Bank of Thailand said the rate — the highest in a decade — was appropriate “for supporting long-term sustainable growth” and keep inflation in check.