BANKBackground
Bank of Thailand keeps benchmark rate at 1% as baht weakens
The Bank of Thailand held its benchmark interest rate at 1%, defending the low-rate policy aimed at boosting the economy. The baht continues to slide, which directly affects expats' purchasing power and the value of foreign income remitted to Thailand.
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Part of an ongoing situationBaht strengthens as interest rates hold3 developments →Sources
- Thai ExaminerBank of Thailand boss defends the central bank’s low interest rate policy aimed at boosting the economy
- Thai ExaminerBank of Thailand leaves interest rates unchanged, raises growth projection with the baht set to go lower
- Bangkok PostBank of Thailand leaves interest rate unchanged
- Bangkok PostThailand under no pressure to raise rates, finance official says