Economy bottomed out in Q3

Thailand’s economy bottomed out in the third quarter of this year and will continue to recover though uncertainty remains high, showed minutes of the central bank’s last policy meeting released on Wednesday.

On Sept 29, the Bank of Thailand’s Monetary Policy Committee unanimously voted to keep the benchmark interest rate at a record low of 0.50% for an 11th consecutive meeting.

The bank will closely monitor the baht and ensure its movement does not hinder business, the minutes showed.

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