Bank of Thailand frets over zero lower bound


Thailand's central bank is wary of growing financial sector imbalances, and fears further interest rate cuts would rob it of the firepower needed to combat a blow to the country's economy, newly published minutes reveal.

The Bank of Thailand's (BoT) monetary policy committee (MPC) voted unanimously to maintain its benchmark rate at 1.5% on March 23, despite lowering its growth forecasts. The economy is expected to grow by 3.1% in 2016, down from 3.5% projected in December.

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