FILE PHOTO: Bank of Thailand Governor Sethaput Suthiwartnarueput speaks during his first briefing on the economy and monetary policy after taking office in Bangkok, Oct 20, 2020. (Reuters)
The Bank of Thailand kept its benchmark interest rate unchanged for a fifth straight meeting to preserve its limited policy space, while reiterating concerns about a currency rally and lowering its economic growth forecast for next year.
The central bank held the policy rate Wednesday at 0.5% in a unanimous decision, after cutting by a total of 75 basis points earlier this year. Sixteen of 17 economists in a Bloomberg survey predicted the hold, with one expecting a 25-basis point cut.
The Covid-19 pandemic has devastated two of Thailand’s main growth drivers, tourism and trade. The government has responded with a…
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