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Central Bank in Thailand Keeps Interest Rate Unchanged.
Byline: Darana Chudasri
Jun. 4--The Monetary Policy Committee yesterday maintained the 14-day repurchase interest rate at 2 percent.
Bandid Nijathaworn, the Bank of Thailand's assistant governor for the monetary policy group, said the decision was based on the strengthening economy, following improvements in both production and consumption.
Exports posted a strong performance in April, but uncertainties over the US recovery and depressed export prices threatened its outlook, he said.
The previous reduction of the interest rate was sufficient to signal the easing of the monetary stance to the market, with some institutions adjusting ...
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