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Bank Of Thailand Keeps Policy Rate Unchanged At 2.5%

THAILAND

The Bank of Thailand voted 5-2 to leave its key policy rate unchanged at 2.50%, a expected by all analysts polled by Bloomberg, despite pressure from the government to loosen monetary conditions.

  • The baht trims its earlier gains as it turns out that the MPC's decision was not unanimous, with two policymakers casting dissenting votes.
  • The decision sets the stage for a continued conflict between the BoT and the government, which calls for lowering rates to boost economic growth.

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