BANKBackground
Bank of Thailand holds rate at 1%, defends policy
The Bank of Thailand has kept its benchmark interest rate at 1%, with Governor Vitai Ratanakorn defending the low-rate policy as necessary to boost the economy, despite the baht's depreciation.
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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