Bank of Thailand frets over zero lower bound

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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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