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MNI BRIEF: Thai CB Cuts Growth Outlook But Rates On Hold

MNI (Sydney)
SYDNEY (MNI)

Thailand's central bank left its policy rate unchanged at a record low of 0.50% on Wednesday, maintaining policy settings for the eighth consecutive meeting, but downgraded its growth outlook on surging infection rates and a slow vaccine rollout

The decision was widely expected as the BOT wrestles with the volatility of the baht, which has fallen around 4% this year after spiking higher in the fourth quarter of 2020.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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