Thai central bank needs to save limited ammunition

BANGKOK: Thailand’s central bank saw a need to preserve limited monetary policy room to use at the most effective time, when it kept its benchmark rate steady at a record low last month, meeting minutes showed.

On Sept 23, the Bank of Thailand’s (BoT) monetary policy committee voted unanimously to leave the one-day repurchase rate at an all-time low of 0.50% after cutting it three times this year to support an economy badly hit by the coronavirus pandemic.