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Bank of Thailand holds interest rate at 1.75 percent

The Bank of Thailand (BoT) on May 8 held its benchmark interest rate unchanged for a third straight meeting, as widely expected, saying monetary policy remained accommodative while risks to financial stability remained.
Bank of Thailand holds interest rate at 1.75 percent ảnh 1The Bank of Thailand (BoT) on May 8 held its benchmark interest rate unchanged for a third straight meeting.(Photo: bangkokpost.com)

Bangkok (VNA) - The Bank of Thailand (BoT)on May 8 held its benchmark interest rate unchanged for a third straightmeeting, as widely expected, saying monetary policy remained accommodativewhile risks to financial stability remained.

Thebank, which in December last year raised the benchmark for the first time since2011, voted unanimously to keep the one-day repurchase rate at 1.75 percent -half a point above the record low. 

All 19 economists polled by Reuters predicted the May 8'shold, and most see no change for the rest of the year. 

The bank's Monetary Policy Committee (MPC) said the Thaieconomy "would expand at a slower pace" this year than its latestforecast of 3.8 percent. 

“Overall financial conditions remained accommodative andconductive to economic growth... there were risks to financial stability in thefuture that warranted continued monitoring," it said.-VNA
VNA
# Bank of Thailand (BoT) #benchmark interest rate #unchanged #third straight meeting #monetary policy #financial stability #Monetary Policy Committee (MPC) #economic growth #Vietnam News Agency #Vietnamplus Thailand
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