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

By Tali Rackner

Minneapolis, Feb. 14 – 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 the Thai economy continued to gain further traction, driven by growth in the external sector as well as the gradual improvement in domestic demand.

Headline inflation is still expected to tick up at a gradual pace.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.