The meeting of the Bank of Thailand's Monetary Policy Committee agreed to keep the policy rate unchanged at 2.25%, bank governor Prasarn Trairatvorakul said on Wednesday.
He said the meeting voted 4 to 3 to maintain the rate, on the grounds the inflation rate is relatively low, allowing the central bank to further ease its monetary policy to help boost the economy.
The MPC will keep a close watch on risk factors that could derail economic growth and will change monetary policy as necessary, he added.
Mr Prasran said the MPC projected that gross domestic product growth for 2014 would be around 3%, lower than its previous forecast of 4%, due to continuing economic slowdown.