Bank of Thailand Holds Key Rate, Lets Fiscal Policy Take Lead

The Bank of Thailand held its benchmark interest rate steady at an all-time low as fiscal measures take the lead in reviving the economy amid a renewed outbreak of Covid-19.

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. Twenty-five of 27 economists in a Bloomberg survey predicted the hold, with two expecting a 25-basis point cut.

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