Policy rate unchanged at 1.50%
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The Bank of Thailand’s Monetary Policy Committee (MPC) unanimously decided to leave the policy rate unchanged at 1.50 per cent yesterday as the economy has remained on a recovery path.
However, downside risks to growth heightened, with Thailand’s trading partners’ likely weak expansion, fewer Chinese tourists, uncertainties over US trade policies and European political developments. Others include concerns over the European and Chinese financial sectors.
Jaturong Jantarangs, MPC secretary and BOT assistant governor, said Thailand’s monetary policy should remain accommodative and ready to utilise a proper mix of available tools to ensure the country’s monetary conditions are conducive to recovery and financial stability.
