Thai central bank holds key rate at record low despite inflation

2022.06.08 10:31

FILE PHOTO: Thailand’s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva

BANGKOK (Reuters) – Thailand’s central bank left its key interest rate unchanged at a record low on Wednesday, as expected, maintaining support for a slow economic recovery in the face of global uncertainty and despite surging inflation.

The Bank of Thailand’s (BOT) monetary policy committee voted 4-3 to hold the one-day repurchase rate at 0.50%, where it has been since May 2020, for a 16th straight meeting.

All 20 economists in a Reuters poll had expected the BOT to stay on hold.

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