BoT warns virus outbreak could hurt economic outlook
Baht rise could hurt fragile economic recovery
Thailand’s economic outlook would be substantially affected by a surge in coronavirus cases, minutes of the central bank’s last policy meeting showed on Wednesday, as the Bank of Thailand (BoT) saw a need to preserve limited policy room.
On Dec 23, the central bank’s Monetary Policy Committee left the one-day repurchase rate at a record low of 0.50% for a fifth straight meeting after three cuts earlier in 2020 to support a coronavirus-hit economy.
The central bank saw a need to preserve limited…
