Thai c.bank warns virus outbreak could hurt economic outlook

Bank of Thailand was concerned the country's economic outlook would be substantially affected by a surge in coronavirus cases.

BANGKOK: Thailand's economic outlook would be substantially affected by a surge in coronavirus cases, minutes of the central bank's last policy meeting showed on Wednesday, as the Bank of Thailand (BOT) saw a need to preserve limited policy room.

On Dec 23, the central bank's monetary policy committee left the one-day repurchase rate at a record low of 0.50% for a fifth straight meeting after three cuts earlier in 2020 to support a coronavirus-hit economy.