People walk along Khaosan Road in Bangkok, Thailand.
Photographer: Nicolas Axelrod/Bloomberg
Photographer: Nicolas Axelrod/Bloomberg
The Bank of Thailand kept its benchmark interest rate unchanged at an all-time low and cut its growth forecast as it lets fiscal measures take the lead in reviving the economy from its sharpest fall in more than two decades.
The central bank held the policy rate Wednesday at 0.5% in a unanimous decision, after cutting by a total of 75 basis points last year. All 25 economists in a Bloomberg survey predicted the hold.
Monetary policy must stay accommodative while “fiscal measures must continue to sustain the economy,” the central bank said in a statement. It added that it would…
