Thai central bank lifts 2017 growth forecast a tad, holds key rate

BANGKOK: Thailand’s central bank has turned slightly more optimistic about how fast the country will grow this year while leaving its key interest rate at same low level it has been since April 2015.

As expected, the Bank of Thailand (BoT)’s Monetary Policy Committee yesterday voted unanimously to keep the one-day repurchase rate at 1.5%, a quarter-point above the record low.