BANKNotable
Bank of Thailand Keeps Key Interest Rate at One Percent
The Bank of Thailand has maintained its benchmark interest rate at 1.00%, defending the policy despite pressure to raise rates. The low interest-rate strategy is designed to support economic growth, though it continues to influence the strength of the Thai baht and local savings yields.
Worth knowing about.
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