Stock Groups

Thai central bank holds key rate at record low, as expected -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO. The logo of Thailand’s central banks can be seen in Bangkok at the Bank of Thailand, Thailand on April 26, 2016. REUTERS/JorgeSilva

BANGKOK, (Reuters) – Thailand’s central bank kept its key interest rates at a record low Wednesday to support a fragile recovery of Southeast Asia’s second largest economy. This was in addition to efforts to revitalize the country’s tourism sector.

Unanimously, the Bank of Thailand’s (BOT), Monetary Policy Committee voted to maintain the 1-day repurchase rate at 0.5% for a 14th consecutive meeting following three rate cuts in 2020.

A Reuters poll revealed that 23 of the 23 respondents expected the BOT would remain on hold until 2022.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information, including buy/sell signal data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]