Thailand pauses monetary tightening as economy slows

Central bank keeps rate unchanged at 2.5%, downgrades growth outlook

20231129 Thailand bank notes

A bank employee gathers Thai baht notes: The central bank held its policy interest rate steady at 2.5%, ending a streak of eight straight rate rises as the economy slows. © Reuters

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- The Bank of Thailand on Wednesday held its key interest rate unchanged at 2.50%, pausing its tightening for the first time following eight consecutive increases, as the country's economy slows due to weak exports.

The decision was in line with a recent economist poll by Reuters.

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