Thailand's central bank left its near-record-low key interest rate unchanged on Wednesday, as widely expected, amid signs of a strengthening economy and benign inflation. The Bank of Thailand (BoT) said at its policy review current interest rates remain supportive of growth and it expects the economy to grow faster than previously assessed. The Monetary Policy Committee (MPC) voted unanimously to keep the one-day repurchase rate at 1.50%, where it has been since April 2015. All 18 economists polled by Reuters had forecast no policy change, and most also expected the central bank to stay on hold at its December meeting. The MPC reiterated its long-held view that the current rate and ample domestic liquidity supports Southeast Asia's second-largest economy while there continues to be risks from a prolonged low interest rate environment.

Source: Bangkok Post November 08, 2017 08:01 UTC