Thailand holds rates, warns of inflation risks amid recovery

The Bank of Thailand’s (BoT) rate-setting committee decided unanimously yesterday to hold the key rate at a record-low 0.5% for a 14th straight meeting, as expected by all 24 economists in a Bloomberg survey.

BANGKOK: Thailand’s central bank held off raising its benchmark interest rate to support a nascent economic recovery, even as it sees rising risks from inflation that has breached its target range.

The Bank of Thailand’s (BoT) rate-setting committee decided unanimously yesterday to hold the key rate at a record-low 0.5% for a 14th straight meeting, as expected by all 24 economists in a Bloomberg survey.