Bangkok Post – Central bank seen resisting rate-cut pressure

The Bank of Thailand (BoT) will probably keep its benchmark rate steady at more than a decade-high on Wednesday, resisting political pressure for a cut as the monetary authority is wary of lowering borrowing costs too soon.

The central bank will leave its one-day repurchase rate unchanged at 2.50%, a level last seen in 2013, for the second straight meeting, according to all 24 economists surveyed by Bloomberg. That will be in line with the stance of policymakers, who see monetary conditions appropriate to support…