Thai central bank says has no plan for urgent rate meeting

BANGKOK : Thailand’s central bank said on Thursday it had no need to hold an urgent interest rate meeting, despite surprise tightening moves by other central banks.

Asked whether the Bank of Thailand’s monetary policy committee would have an off-cycle meeting to review the policy rate, an official said “No” in a message to reporters.

The BOT’s next scheduled policy review will be on Aug. 10, when economists expected a hike in the key rate from a record low of 0.50 per cent.