Thai central bank stands pat to assess impact of political instability

Bank of Thailand balances growth and risk by keeping policy rate at 2.5%

20240820 bank of thailand

According to a Reuters poll, 24 out of 27 economists expected the central bank to stand pat, while the rest saw a 25 basis point rate cut. © Reuters

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- Thailand's central bank kept the benchmark one-day repurchase rate unchanged at 2.5% at its monetary policy meeting on Wednesday, aiming to balance economic growth and risks as well as evaluating possible political risks that could affect the country's economy.

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