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June 24, 2017

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Thai central bank leaves interest rate at 2.25 percent

BANGKOK--Thailand's central bank on Wednesday left its key interest rate unchanged at 2.25 percent in the face of growing worries about the economic impact of anti-government protests in the capital.

Economic growth has been weaker than expected because of soft domestic demand, according to the Bank of Thailand, which last reduced its benchmark lending rate by 25 basis points in November.

"The ongoing political situation continued to dent private confidence, weighing on (the) overall outlook for growth," it said in a statement after its Monetary Policy Committee voted 4-3 to maintain the policy rate unchanged.

"Exports expanded at a subdued pace, despite signs of recovery in some sectors."

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