Thai central bank leaves policy rate unchanged at record low, as expected

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Thai central bank leaves policy rate unchanged at record low, as expected

 

FILE PHOTO: The Bank of Thailand logo is seen in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva

 

BANGKOK (Reuters) - Thailand's central bank left its key interest rate unchanged at a record low for a second straight meeting on Wednesday, as widely expected, on signs of improvement in the economy after the easing of measures to contain the coronavirus outbreak.

 

The Bank of Thailand's Monetary Policy Committee (MPC) voted unanimously to keep the one-day repurchase rate <THCBIR=ECI> steady at a record low of 0.50%, after having cut it three times this year to help mitigate the impact of the pandemic on tourism and domestic consumption.

 

In a Reuters poll, 16 of 18 economists had predicted no policy change while the rest forecast a quarter-point cut.

 

(Reporting by Orathai Sriring and Kitphong Thaichareon; Editing by Jacqueline Wong)

 

-- © Copyright Reuters 2020-08-05

 

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