Thailand keeps policy rate unchanged at 3% as economy gains momentum

By Jennifer Chiou

New York, March 21 - The Monetary Policy Council of the Bank of Thailand voted unanimously at a meeting on Wednesday to maintain the policy rate at 3%, according to a bank press release.

The rate was cut from 3.25% in January.

In the release, assistant governor Paiboon Kittisrikangwan said that the committee assessed that the risks from the global economy had decreased and that the recovery in the Thai economy was gaining momentum.

At the same time, though, inflationary pressure had edged up.

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