Thai c.bank holds key rate at record low, as expected

  • 9/29/2021
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BANGKOK, Sept 29 (Reuters) - Thailand’s central bank left its key interest rate unchanged at a record low on Wednesday, as widely expected, as its tourism-reliant economy recovers on the back of eased pandemic curbs. The Bank of Thailand’s (BOT) monetary policy committee unanimously voted to hold the one-day repurchase rate at 0.50% for an 11th straight meeting after three rate reductions in 2020 to mitigate the impact of the coronavirus pandemic. Twenty of 23 economists in a Reuters poll had expected the BOT to stay on hold while the others predicted a quarter-point cut. The BOT maintained its 2021 economic growth outlook at 0.7%, as it had projected in August, when the restrictions were extended from July to contain the country’s worst outbreak. Reporting by Orathai Sriring, Kitiphong Thaichareon, Satawasin Staporncharnchai Editing by Jacqueline Wong Our Standards: The Thomson Reuters Trust Principles.

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