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Economy

Bank of Thailand holds key rate steady as exports and tourism slow

Central bank keeps eyes on mortgage bubble; analysts see possible December hike

The Bank of Thailand has kept its key overnight repo rate at 1.5% for over three and a half years.   © Reuters

BANGKOK -- The Bank of Thailand kept its key interest rate unchanged at 1.5% on Wednesday, concerned about sluggishness in the economy's two main drivers, exports and tourism.

The bank has held the overnight repo rate steady since April 2015. Four out of seven members of the bank's Monetary Policy Committee voted to maintain the current policy. Three voted to raise the rate by 0.25 percentage point.

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