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Thai central bank says current policy rate still accommodative

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Thailand's policy interest rate at 1.50 per cent remains accommodative for the economic recovery, a deputy central bank governor said on Thursday, suggesting no policy change is expected at its meeting later this month.

[BANGKOK] Thailand's policy interest rate at 1.50 per cent remains accommodative for the economic recovery, a deputy central bank governor said on Thursday, suggesting no policy change is expected at its meeting later this month.

Thailand faces no risk of a low-inflation trap as headline inflation has returned to the central bank's target range of 1-4 per cent, Deputy Bank of Thailand Governor Mathee Supapongse told reporters.

The central bank has left its benchmark rate unchanged near record lows since a cut in April 2015. It next reviews monetary policy on March 29.

REUTERS

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