The Bank of Thailand (BoT) left its key interest rate unchanged at a record low for a 13th straight meeting on Wednesday, to support a tourism-reliant economy facing fresh risks from the spread of the Omicron coronavirus variant.
The BoT’s Monetary Policy Committee unanimously voted to hold the one-day repurchase rate at 0.50%, as expected by all 22 economists in a Reuters poll.
While the BoT expected the Thai economy to continue to recover, it flagged the risk from the spread of the Omicron coronavirus variant.
“The spread of the Omicron variant would be a key risk to the economic outlook and therefore warranted close monitoring.” the BoT said in a statement after its policy meeting.
After reopening more broadly to vaccinated foreign visitors last month, the country on Tuesday…
