Bank of Thailand senior director Suwannee Jatsadasak (photo supplied)
The Bank of Thailand (BoT) left its key interest rate unchanged at a record low on Wednesday, seeking to maintain support for a fragile recovery in the economy amid efforts to revive the country’s battered tourism sector and rising risks from inflation that has breached its target range.
The BoT’s Monetary Policy Committee unanimously voted to hold the one-day repurchase rate at 0.50% for a 14th straight meeting after three rate cuts in 2020.
All 23 economists in a Reuters poll expected the BoT to stay on hold through 2022.
Economies globally are seeking to navigate a recovery path between tenacious virus variants and inflation pressures, while Southeast Asia faces a particular risk to capital flows as the U.S. Federal Reserve…
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