Thai central bank keep rates unchanged

THAILAND - The central bank's Monetary Policy Committee yesterday kept short-term interest rates unchanged, noting that recent data pointed to steady recovery in manufacturing and consumption.

But officials hinted that volatility in overseas markets could lead to a cut in rates in the future to maintain growth.

Bandid Nijathaworn, an assistant governor of the Bank of Thailand, said the MPC decided to maintain the 14-day repurchase rate unchanged at 2%.

Manufacturing and consumption had both shown

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