Bank of Thailand keeps key rate at record low, cuts 2021 GDP outlook


Thailand’s central bank left its key interest rate unchanged at a record low on Wednesday, as widely expected, but slightly lowered its 2021 GDP growth forecast after a second wave of coronavirus infections hit economic activity.

The Bank of Thailand’s (BoT) monetary policy committee voted unanimously to hold the one-day repurchase rate at 0.50% for a seventh straight meeting.

All 14 economists in a Reuters poll had expected the BoT to remain on hold after three rate cuts last year.

The BoT now expects the economy to expand 3.0% this year, down from a previous forecast for 3.2%.



Source link

Related Articles

Leave a Reply

Stay Connected

120FansLike
998FollowersFollow
150FollowersFollow
- Advertisement -

Latest Articles

- Advertisement -