BoT sees need to keep policy space for future risksThe Bank of Thailand is fixed on preserving monetary policy space to address possible future risks, according to the Sept 25 meeting minutes. (Bangkok Post photo)The Bank of Thailand saw a need to preserve monetary policy space to address possible future risks when it kept its benchmark rate on hold last month, meeting minutes showed on Wednesday. At the Sept 25 meeting, the committee left the policy rate unchanged at 1.50% after August's surprise cut -- its first since April 2015. The next monetary policy review is on Nov 6. Some committee members felt that "given the already accommodative monetary policy stance, the policy rate cut might not lend significant additional support to economic growth", compared with potentially increased financial stability risks.

Source: Bangkok Post October 09, 2019 06:00 UTC