The Bank of Thailand decided on Wednesday to keep its benchmark interest rate unchanged to support an economic recovery. (Photo by Nittaya Nattayai)The Bank of Thailand kept its benchmark interest rate unchanged for an 11th consecutive meeting on Wednesday, the longest streak on record, as an economic recovery continues to gain momentum. The central bank held its one-day bond repurchase rate at 1.5%, with Monetary Policy Committee members voting unanimously in favour, it announced. Consumer confidence rose to a five-month high in August, buoyed by public approval of the nation’s new constitution and better-than-expected economic growth in the second quarter. Finance Minister Apisak Tantivorawong said last month the economy grew “very close” to its potential in the second quarter, supported by government stimulus measures and tourism.

Source: Bangkok Post September 14, 2016 09:00 UTC