BANKBackground
Bank of Thailand holds key rate at 1%, defends policy
Bank of Thailand Governor Vitai Ratanakorn defended the central bank's low interest rate policy, keeping the benchmark rate at 1% despite pressure to raise rates. The governor cited the need to boost the economy amid a weakening baht.
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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