Thailand Holds Rate Near Record Low as Deflation Emerges
- All 21 economists surveyed by Bloomberg predicted the decision
- Central bank cuts inflation forecasts, raises growth estimates
Bangkok, Thailand.
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Thailand’s central bank held its benchmark interest rate near a record low, seeking to preserve policy room despite signs that the economy is heading deeper into deflation again.
The one-day bond repurchase rate was left at 1.5 percent, with monetary policy committee members voting unanimously in favor, the Bank of Thailand said in Bangkok on Wednesday. All 21 economists surveyed by Bloomberg predicted the decision.