Thailand holds policy rate at 1˝% as outlook continues to improve

By Tali Rackner

Minneapolis, Nov. 8 – Bank of Thailand’s monetary policy committee voted unanimously to hold the policy rate at 1˝% at its meeting on Wednesday, according to a bank statement.

In its assessment, the bank said it expects the Thai economy to grow at a faster pace than the previous assessment driven by growth in merchandise exports as well as sustained progress in domestic demand.

Headline inflation was expected to tick up in line with the previous assessment.

“Overall financial conditions remained accommodative and conducive to economic growth,” the bank said in the statement.

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