Thai central bank seen holding key rate again on Wednesday

25 Nov, 2013

BANGKOK: The Bank of Thailand's monetary policy committee will leave its benchmark interest rate uncharged at 2.50 percent for a fourth straight meeting on Wednesday, even though economic growth has slowed and inflation remains benign, a Reuters poll.

The central bank has said the current policy rate , which is near a three-year low, is still supporting the economy. Household debt, albeit moderating, remains high and could pose a risk.

The rate has been held since a 25-basis point cut in May, when there was weak GDP data plus political pressure to tame a strong baht. On Monday, the baht was at 31.9 to the dollar, compared with April's peak of 28.5.

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