Bank of Thailand opts to leave policy interest rate unchanged at 1¼%

By Richard Connell

New York, Jan. 13 - The Monetary Policy Council of the Bank of Thailand left its policy interest rate at 1¼% at its meeting on Wednesday, according to a news release issued by the bank.

The council noted that while the global economy has continued to improve, Asian economies are likely to recover more quickly, leading to policy differentials leading to volatile capital flows in the future.

The council looked at data which showed a continued recovery to the economy of Thailand, including increases in durable good consumption, tourism, agriculture and exports.

Inflation in Thailand accelerated in December owing to increased oil prices, but looking forward the council forecast that inflationary pressures remain low.

The council has left the interest rate unchanged at 1¼% at six consecutive meetings dating back to May.

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