EconomyThai central bank stands pat to assess impact of political instability
Bank of Thailand balances growth and risk by keeping policy rate at 2.5%
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
August 21, 2024 16:07 JST
Updated on August 21, 2024 17:58 JST
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.