Thai central bank to hold rate at record low as COVID-19 curbs eased: Reuters poll

BANGKOK: Thailand's central bank is widely expected to leave its key interest rate at a record low on Wednesday as tougher coronavirus restrictions have been eased to support a flagging economy, a Reuters poll showed on Monday.in July and August that hit economic activity, but the curbs have since been eased and Thailand will soon reopen to more vaccinated visitors.

In the poll, 20 of 23 economists expect the BOT's Monetary Policy Committee to hold the one-day repurchase rate at 0.50 per cent this week to preserve limited policy ammunition. The BOT will give a new forecast on Wednesday. Governor Sethaput Suthiwartnarueput said on Monday growth might not reach 1 per cent this year.

The last meeting's split vote raised a 30 per cent chance of a rate cut"but the economy has since improved so the BOT may save its ammunition for the worst case", said Panundorn Aruneeniramarn, an economist at Siam Commercial Bank.

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Thai central bank to hold rate at record low as virus curbs eased: Reuters pollBANGKOK : Thailand's central bank is widely expected to leave its key interest rate at a record low on Wednesday as tougher coronavirus restrictions have been eased to support a flagging economy, a Reuters poll showed on Monday.The Southeast Asian country's worst coronavirus outbreak led to restrictions i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Thai central bank to hold rate at record low as virus curbs eased: Reuters pollBANGKOK : Thailand's central bank is widely expected to leave its key interest rate at a record low on Wednesday as tougher coronavirus restrictions have been eased to support a flagging economy, a Reuters poll showed on Monday.The Southeast Asian country's worst coronavirus outbreak led to restrictions i
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »