Bank of Thailand keeps its ammunition in store
THE BANK of Thailand yesterday decided to keep the policy interest rate unchanged in light of greater external risks and greater volatility in the financial markets that may spur the need for further rate cuts later in the year.
The unanimous decision of the central bank's Monetary Policy Committee (MPC) was anticipated. The policy rate has been kept at 1.50 per cent per annum since last April. It went down to as low as 1.25 per cent in 2010.