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Thailand holds key rate, warning of growing uncertainties

Bloomberg
Bloomberg • 1 min read
Thailand holds key rate, warning of growing uncertainties
Thailand’s central bank left its key interest rate unchanged after a surprise cut in October. Photo: Bloomberg
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Thailand’s central bank left its key interest rate unchanged after a surprise cut in October, warning of rising future uncertainties as it resists government calls for further policy easing.

The Monetary Policy Committee voted unanimously to maintain the one-day repurchase rate steady at 2.25% at Wednesday’s meeting, a decision expected by 21 of the 23 economists surveyed by Bloomberg. 

The central bank sees the current rate as “consistent” with the economic outlook and inflation that is trending towards the target range, along with the maintenance of economic and financial stability in the face of “higher uncertainties” going forward, it said in a statement.

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