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) – Bloomberg.com.
