BoT holds key rate steady

The Bank of Thailand kept its policy rate unchanged on Wednesday after last Friday’s unscheduled rate cut of 25 basis points, while trimming its economic growth forecast for 2020 to a 5.3% contraction.

The Monetary Policy Committee (MPC) voted 4-2 to hold the policy rate at a record low of 0.75%, said MPC secretary Titanun Mallikamas.

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 Somruedi Banchongduang

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BoT holds key rate steady

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