Thailand's central bank saw a need to preserve monetary policy space to add...
BANGKOK - Thailand’s central bank saw a need to preserve monetary policy space to address possible future risks, when it kept its benchmark rate on hold last month, meeting minutes showed on Wednesday.
“The Committee remained concerned about baht appreciation against trading partner currencies given the economic slowdown prospects, as the economy could be more sensitive to greater currency appreciation,” the minutes said. At the Sept. 25 meeting, policymakers left the policy rate THCBIR=ECI unchanged at 1.50% after August’s surprise cut - its first since April 2015.
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