Policy rate kept at 3 per cent
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The Bank of Thailand's Monetary Policy Committee Wednesday decided to keep the policy rate on hold, as was widely expected.
The rate is being kept at 3 per cent, as the Thai economy, while remaining vulnerable to the euro crisis, is driven largely by domestic consumption and investment, the MPC said.
Three of the 5 MPC members voted to keep the rate unchanged, while the other two voted for a 25 basis point cut. Two members were on overseas business trips and thus missed Wednesday’s meeting.
The Nation
