Bank of Thailand holds main rate in split vote

Bank of Thailand
Photo: George Johnson

The Bank of Thailand held the key interest rate unchanged at 0.5% on August 4, but two policy-makers broke with the consensus and called for more easing.

The two dissenters on the monetary policy committee voted to cut the rate by 25 basis points, while the other four members opted for no change. The members who voted for a cut argued this would “shore up the economy and mitigate heightened risks in the period ahead”, the BoT’s statement said.

The central bank has kept the rate unchanged for

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