Bank of Thailand holds key rate at record low as Covid-19 outbreak eases
The Bank of Thailand held its key interest rate unchanged on Wednesday as the country’s Covid-19 outbreak eases, allowing the government to loosen movement restrictions to boost local demand and tourism.
The bank’s Monetary Policy Committee voted unanimously Wednesday to hold the one-day repurchase rate at a record-low 0.5% for an 11th straight meeting, as 19 of 22 economists in a Bloomberg survey predicted. The other three expected a 25-basis point cut.
