Thai Central Bank Keeps Interest Rate Unchanged to Assess Impact of Political Instability

(Nikkei Asia) — Thailand’s central bank kept the benchmark one-day repurchase rate unchanged at 2.5% at its monetary policy meeting on Wednesday, aiming to balance economic growth and risks as well as evaluating possible political risks that could affect the country’s economy.

“The majority of the Committee deems that the current policy interest rate is consistent with the economy converging to its potential, as well as conducive to safeguarding macro-financial stability,” Piti Disyatat, assistant governor for monetary policy at the Bank of Thailand, told reporters.