Bank of Thailand holds fire on rates, flags Omicron risk
The Bank of Thailand (BoT) left its key interest rate unchanged at a record low for a 13th straight meeting on Wednesday, to support a tourism-reliant economy facing fresh risks from the spread of the Omicron coronavirus variant.
The BoT’s Monetary Policy Committee unanimously voted to hold the one-day repurchase rate at 0.50%, as expected by all 22 economists in a Reuters poll.
While the BoT expected the Thai economy to continue to recover, it flagged the risk from the spread of the Omicron coronavirus variant.
