KONTAN.CO.ID - BANGKOK. Thailand's central bank left its key interest rate unchanged at a record low on Wednesday but downgraded its 2021 economic outlook as the tourism-reliant country deals with a fresh outbreak of coronavirus. Southeast Asia's second-largest economy continues to recover, but downside risks remains high and it needs the low policy rate, the Bank of Thailand aid. The BOT's monetary policy committee voted unanimously to keep the one-day repurchase rate unchanged at a record low of 0.50% for a fifth straight meeting, after three cuts earlier this year.
Thailand central bank leaves key rate unchanged, lowers 2021 GDP outlook
KONTAN.CO.ID - BANGKOK. Thailand's central bank left its key interest rate unchanged at a record low on Wednesday but downgraded its 2021 economic outlook as the tourism-reliant country deals with a fresh outbreak of coronavirus. Southeast Asia's second-largest economy continues to recover, but downside risks remains high and it needs the low policy rate, the Bank of Thailand aid. The BOT's monetary policy committee voted unanimously to keep the one-day repurchase rate unchanged at a record low of 0.50% for a fifth straight meeting, after three cuts earlier this year.