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.

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

Consumer confidence hits 10-month high in October

The University of the Thai Chamber of Commerce’s consumer index increased from 44.6 in September to 46.1 in October.

Thailand ranked 66th on UN Human Development Index

Thailand received a score of 0.8 on the index, with an average life expectancy of 78.7 years, an average of 15.9 years of education and a per capita income of 619,000 baht (US$17,000).

Thai growth forecasted at 2.8%, Asia Sails into persistent Headwinds (IMF)

Asia Sails into Headwinds from Rate Hikes, War, and China Slowdown with growth forecasts lowered for this year and 2023, while inflation exceeds central bank targets in most countries