Thailand keeps rate at record low, cuts GDP outlook

The central bank held the policy rate at 0.5% in a unanimous decision, after cutting by a total of 75 basis points last year. All 25 economists in a Bloomberg survey predicted the hold.

BANGKOK: The Bank of Thailand kept its benchmark interest rate unchanged at an all-time low and cut its growth forecast as it lets fiscal measures take the lead in reviving the economy from its sharpest fall in more than two decades.

The central bank held the policy rate at 0.5% in a unanimous decision, after cutting by a total of 75 basis points last year. All 25 economists in a Bloomberg survey predicted the hold.