BoT Keeps rates at record lows
The Bank of Thailand (BOT) has kept interest rates at a record low of 0.5% as the southeast Asian state struggles with an upswing in coronavirus cases that are slowing plans to reopen its tourism dependent economy.
The central bank’s announcement that its monetary policy committee had voted to keep rates static had been widely expected as was its lower economic growth forecast for 2021.
The BOT monetary policy committee voted unanimously to hold the benchmark one-day repurchase rate at 0.50% for a ninth straight meeting. The central bank also scaled-back its growth forecast for 2021 from 3% to 1.8%.
Reference: Capital
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