MPC decides monetary policy should be accommodative, keeps rate at 1.50%

MPC decides monetary policy should be accommodative, keeps rate at 1.50%
By THE NATION

BANGKOK: -- THE BANK OF THAILAND’S Monetary Policy Committee yesterday voted unanimously to maintain the policy interest rate at 1.50 per cent, its secretary Jaturong Jantarangs announced.

The MPC took the view that monetary policy should remain accommodative while it stands ready to utilise an appropriate mix of available policy tools to ensure that monetary conditions are conducive to the economic recovery, while ensuring financial stability, he said.

The committee saw the need to preserve policy space given that the Thai economy would continue to face uncertainties, particularly the fragile global economic recovery and the monetary-policy directions of major advanced economies that might induce greater capital flow and exchange-rate volatility.

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