BoT stands pat despite seeing economic growth slow

xxx: A shipping container is lifted from a truck to load onto a ship at a port in Bangkok. In 2018, Thailand had its strongest expansion in six years, at 4.1%, but growth is faltering due to weaker exports. — Reuters

BANGKOK: Thailand’s central bank left its benchmark rate where it has been since December, as expected, saying policy is accommodative enough to aid a slowing economy as global and domestic uncertainties remain high.

The Bank of Thailand (BoT), which in December hiked the benchmark for the first time since 2011, voted unanimously to keep the one-day repurchase rate at 1.75% – half a point above the record low.