Key interest rate kept at 3%
- Published: 25 Jul 2012 at 15.23
- Online news: News
The Bank of Thailand's Monetary Policy Committee has voted five to two to maintain the repurchase rate at three per cent, with the dissenting voices keen on cuts.
MPC secretary Paiboon Kittisrikangwan said on Wednesday that five members were of the view the current interest rate is appropriate for economic growth because the interest rate should remain lower than the inflation rate throughout the year.
"The members who voted to keep the interest rate on hold see the economic problems in the United States and Europe as long-term structural problems. Therefore the MPC should keep monetary space for future needs," Mr Paiboon said.
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