Thailand's central bank on Wednesday left its key interest rate unchanged, near record lows, saying the level was accommodative for economic growth but warned of a strong baht. The Bank of Thailand's Monetary Policy Committee (MPC) voted unanimously to keep the one-day repurchase rate at 1.50%, where it has been since April 2015. All 23 economists polled by Reuters had forecast no policy change at the MPC's first review of the year. Policymakers are counting on government spending to keep economic engines firing at a time of rising global trade protectionism and capital outflow risks as the US Federal Reserve prepares to raise rates again this year.

Source: Bangkok Post February 08, 2017 08:08 UTC