Bank of Thailand leaves rate at record low, warns of Covid risk

The central bank left its key interest rate unchanged at a record low of 0.50% on Wednesday, as expected, preserving its limited ammunition as the economy struggles with a third wave of coronavirus infections.

The latest outbreak has slowed domestic activity for the tourism-reliant economy at a time when it was preparing to reopen to travellers, but increased exports, another key growth driver, have lent some support.

The Bank of Thailand’s (BoT) Monetary Policy Committee voted unanimously to keep the one-day repurchase rate unchanged for an eighth straight meeting.

Keep reading…