KONTAN.CO.ID -Â BANGKOK. Thailand's central bank is all but certain to hold its key interest rate steady on Wednesday after December's tightening, pausing to support a slowing economy in the face of growing external risks. All 20 economists surveyed by Reuters predicted the Bank of Thailand (BOT)'s monetary policy committee (MPC) will keep its one-day repurchase rate at 1.75 percent. In December, the rate was raised by 25 basis points to the current level from near record lows for the first time in more than seven years, mainly aimed at tempering financial stability risks. The vote was 5-2, with the two dissenters favouring no change to policy.
Thai central bank seen holding fire on Wed after Dec hike; economic risks increase
KONTAN.CO.ID -Â BANGKOK. Thailand's central bank is all but certain to hold its key interest rate steady on Wednesday after December's tightening, pausing to support a slowing economy in the face of growing external risks. All 20 economists surveyed by Reuters predicted the Bank of Thailand (BOT)'s monetary policy committee (MPC) will keep its one-day repurchase rate at 1.75 percent. In December, the rate was raised by 25 basis points to the current level from near record lows for the first time in more than seven years, mainly aimed at tempering financial stability risks. The vote was 5-2, with the two dissenters favouring no change to policy.