Thailand’s central bank kept its key interest rate unchanged for a second straight meeting on Wednesday, as it lifted its growth forecasts and said inflation would fall next year as supply-side pressures ease.
The Bank of Thailand’s monetary policy committee voted unanimously to maintain the one-day repurchase rate at 1.00 per cent.
“Thailand’s economic expansion is projected to be stronger than previously assessed but growth remains low and uneven,” the BOT said in a statement.
The BOT said it expected economic growth to be 2.3 per cent this year, higher than a projection of 2.0 per cent made earlier this month, after the government announced planned extra borrowing of 400 billion baht ($12 billion). It forecast growth of 1.5 per cent at its April policy review.
Reuters
