Thailand’s central bank kept its benchmark interest rate unchanged at a five-year low to help the economy climb out of a yearlong recession.The Bank of Thailand maintained the one-day bond repurchase rate at 1.25 percent for a fifth consecutive meeting, it said in Bangkok today. All 19 economists surveyed by Bloomberg News expected the decision.

Southeast Asia’s second-largest economy shrank 2.8 percent last quarter, the smallest contraction in a year, as Asia began to pull out of the global slump. Thai policy makers said last week there are risks to the recovery and inflation isn’t yet a problem, signaling the country won’t follow Australia and Vietnam in raising interest rates anytime soon.

via Thailand Keeps Key Interest Rate at Five-Year Low (Update2) –

The Bank of Thailand left its benchmark interest rate unchanged at 1.25%

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Asia Set to Lead World Economic Growth pushed by China’s Reopening

As the Chart of the Week shows, the region will contribute about 70 percent of global growth this year—a much greater share than in recent years.

Household debt surges to 87% of GDP in Q4 2022

Household debt is not only a problem for individuals, but also for the whole economy. It reduces domestic demand, which is a key driver of growth. It also increases financial vulnerability, as households may default on their loan