Tuesday 3 November 2015

Thai central bank seen holding policy rate steady after stimulus

Thailand's central bank is widely expected to leave its policy interest rate steady on Wednesday for a fourth straight meeting even though the economy is making little headway after more than a year of military rule.

All but one of 23 economists polled predicted the one-day repurchase rate would be left steady at 1.5% when the monetary policy committee (MPC) meets on Nov 4.

The committee was seen likely to wait for the effects of recent stimulus measures and a weak baht to filter through while the trade-dependent economy confronts global market uncertainties.

One economist predicted a 25-basis-point cut this week, citing a weak outlook. That would match the record low of 1.25% during the global financial crisis.

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