Widely expected decision comes despite PM’s repeated pleas for lower rate to help economy
The Bank of Thailand on Wednesday left its benchmark interest rate unchanged, as widely expected and despite repeated calls from Prime Minister Srettha Thavisin to cut rates to revive faltering economic growth.
The central bank’s Monetary Policy Committee (MPC) voted 5-2 to keep the policy rate at a 10-year high of 2.50%. Two members voted for a cut of a quarter percentage point, the MPC said in a statement posted on the central bank website.
All 27 economists in a Reuters poll had predicted the rate would not change, while saying the first rate cut was more likely to come…
