MPC pauses, cuts view | Bangkok Post: business

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MPC pauses, cuts view

No rate cut despite weaker GDP outlook

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The Bank of Thailand's Monetary Policy Committee (MPC) kept its policy rate unchanged yesterday even though it slashed this year's economic growth forecast to about 3%. 

The rate-setting committee said the current benchmark rate of 2.25% is conducive to economic recovery and that maintaining financial stability remains a cornerstone.

However, economists believe a rate cut is still possible in the future.

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