Tuesday, 4 August 2015

Thai central bank expected to keep policy rate steady

Thailand's central bank is expected to leave its policy interest rate steady again on Wednesday even though the economy continues to stumble more than a year after the military took power in a bid to end political unrest.

Twenty of 23 economists in a Reuters poll predict the monetary policy committee (MPC) will leave the one-day repurchase rate at 1.50% for a second straight meeting following surprise cuts in March and April.

The other three expect a 25 basis point cut to 1.25%, which would match the record low set in April 2009, during the global financial crisis.

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