The Bank of Thailand (BoT) left its key interest rate unchanged at a record low on Wednesday, as expected, maintaining support for a slow economic recovery in the face of global uncertainty and despite surging inflation.
The BoT’s Monetary Policy Committee voted 4-3 to hold the one-day repurchase rate at 0.50%, where it has been since May 2020, for a 16th straight meeting.
All 20 economists in a Reuters poll had expected the BoT to stay on hold.
