Thailand holds rate as Fed hike pressures Asian currencies
Bangkok
THAILAND held its key interest rate near a record low for a 13th straight meeting, opting for stability as the prospect of higher US borrowing costs weighs on Asian currencies and clouds the outlook for growth.
The Bank of Thailand (BOT) kept its one-day bond repurchase rate at 1.5 per cent, with monetary policy committee members voting unanimously in favour, the central bank said in Bangkok on Wednesday. All but one of 25 economists surveyed by Bloomberg predicted the decision.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions
Suzhou Industrial Park: The crown jewel of China-Singapore relations celebrates its 30th year
Saudi Arabia posts budget deficit of US$3.3 billion in first quarter
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments
RBA to keep key rate at 12-year high as inflation stirs anew
EU chief says will urge ‘fair’ China competition in talks with Xi