The Bank of Thailand’s Monetary Policy Committee (MPC) held off on Wednesday on monetary easing as widely expected.
The seven-member rate-setting panel voted unanimously to keep the benchmark interest rate unchanged at 1.5%, Jaturong Jantarangs, an assistant governor for the monetary policy group and the Monetary Policy Committee (MPC) secretary said.
The MPC has held its policy interest rate steady for more than one year following successive rate cuts in March and April last year to ward off downside risks that could derail Thailand’s economic recovery momentum.