MPC maintains rate at 2.5% again | Bangkok Post: business

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MPC maintains rate at 2.5% again

Economist: Recession only temporary

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The Bank of Thailand's Monetary Policy Committee (MPC) will likely stand pat on the policy rate for the rest of this year after keeping it unchanged at 2.5% for a second straight meeting yesterday. 

"This technical recession is only a temporary one," said Usara Wilaipich, a senior economist at Standard Chartered Bank.

She said the Bank of Thailand's view that risks are skewing towards financial stability while the economy could pick up in the second half of this year could also reduce the scope of the monetary easing.

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