BANGKOK -- The Bank of Thailand on Wednesday kept its key interest rate unchanged at 1.50% in the first policy meeting hosted by newly appointed Gov. Vitai Ratanakorn, as the central bank intends to maintain leeway for easing if the economy continues on a slower growth path later in the year.
Markets
Thai central bank stands pat at new governor's first meeting
Bank of Thailand maintains leeway for future easing amid deflation, baht strength
A Reuters poll showed that 19 economists out of 26 expected the Bank of Thailand to cut its key interest rate by 25 basis points to 1.25% in order to boost the fragile economy. (Photo by Akira Kodaka)
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