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Central Bank in Thailand Keeps Key Rate Unchanged.

Bangkok Post (Bangkok, Thailand)

| March 04, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mar. 4--The Bank of Thailand yesterday kept short-term interest rates unchanged, but its Monetary Policy Committee (MPC) cautioned that risks in the international market remained and private investment had slowed due to war fears.

But the overall economy remained firmly on an expansion path, justifying the decision by the MPC to keep its key 14-day repurchase rate unchanged at 1.75 percent, according to Bandid Nijathaworn, a central bank assistant governor.

He said the committee would continue to monitor economic risks, including trends in the US, Europe and Japan, uncertainty over a war and volatility in global ...

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