Thailand Holds Key Rate to Support Economy Amid Oil Shock

The Bank of Thailand left its benchmark interest rate at a near four-year low, saying a pause would allow it to support the economy while the inflationary impact of the global oil shock remains manageable.

The Monetary Policy Committee voted unanimously on Wednesday to hold the one-day repurchase rate at 1%, its lowest level since late 2022. The move was expected by all 24 economists surveyed by Bloomberg. The meeting was attended by six members, with one seat on the committee still vacant.