BANKBackground
Bank of Thailand keeps rate at 1%, defends policy
Governor Vitai Ratanakorn defends the central bank's decision to hold the benchmark interest rate at 1% despite pressure to raise, citing the need to support the economy and pointing to the baht's slide. The policy aims to boost growth amid external headwinds.
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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