BoT minutes: Spike in long-term govt bonds had limited impact on economy
The Bank of Thailand felt that a spike in long-term government bond yields had only a limited impact on the economy when it decided to keep its key rate at a record low last month, meeting minutes showed on Wednesday.
Long-term Thai bond yields moved in line with long-term US Treasury yields, the minutes said. Over the first quarter of 2021, 10-year Thai government bond yields rose 61.5 basis points, the sharpest quarterly rise in 12 years.
