Thailand Keeps Rates On Hold
9/16/2015 4:24 AM ET
Thailand's central bank kept its interest rate unchanged as widely expected by economists on Wednesday.
The Monetary Policy Committee of the Bank of Thailand unanimously decided to keep the interest rate at 1.50 percent. The rate is now at the lowest since June 2010, when it was 1.25 percent.
Policymakers observed that the economy is affected by negative factors from abroad, including global financial market volatility.
The bank said monetary policy should remain eased and it is ready take policy tools that are appropriate to support the economic recovery.
Krystal Tan, an economist at Capital Economics said there is a chance that the central bank will make one more 25 basis point cut this year if growth continues to disappoint despite the government's fiscal efforts.