The Bank of Thailand's (BOT) monetary policy committee voted unanimously to keep the one-day repurchase rate steady at an all-time low of 0.50% for a third straight meeting, as was widely expected.
BANGKOK: Thailand's central bank left its key interest rate unchanged at a record low on Wednesday and upgraded its GDP outlook slightly as Southeast Asia's second-largest economy showed some signs of recovery from the coronavirus jolt.
While the central bank said private consumption and investment were likely to improve, it expected a record contraction in gross domestic product this year and said the economy would take at least two years to return to pre-pandemic levels. Its key tourism industry continues to suffer from a ban on foreign tourists.
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