Thailand holds rate at 1˝% amid ‘sound’ financials, ‘pockets of risks’

By Susanna Moon

Chicago, May 24 – Bank of Thailand’s Monetary Policy Committee voted unanimously to maintain the policy rate at 1˝% at its meeting on Wednesday.

The move reflects the country’s enhanced growth outlook despite risks “especially on the external front,” according to a bank statement.

The decision comes as “financial stability remained sound with sufficient cushion against economic and financial volatilities on both domestic and external fronts,” the bank said. “However, there remained pockets of risks...”

Headline inflation eased and could slip below target levels, sometimes due to supply side factors, but is forecast to climb during the later half of the year.

“Meanwhile, overall financing conditions remained accommodative and conducive to economic growth,” the bank added.

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