FOREX TradingCharts.com

Financial News: Thailand Holds Key Rate Steady For Third Time

Thailand Holds Key Rate Steady For Third Time

05/08/2019 - 07:31:00 (RTTNews)

(RTTNews) - Thailand's central bank left its key interest rate unchanged for a third consecutive policy session after hiking it in December for the first time in over seven years to curb financial stability risks.

The Monetary Policy Committee voted unanimously to maintain the policy rate at 1.75 percent, the Bank of Thailand said in a statement on Wednesday. The decision was in line with economists' expectations.

"The Committee viewed that current accommodative monetary policy stance would remain appropriate and would continue to monitor developments of economic growth, inflation, and financial stability, together with associated risks, in deliberating appropriate monetary policy in the period ahead," the bank said.

The quarter-point hike in December was the first hike since August 2011, when the bank had lifted the rate by 25 basis points to 3.5 percent.

Policymakers expect the Thai economy to expand at a slower pace than the previous assessment and inflation was projected to be around the lower bound of the inflation target. However, the MPC stressed that there were risks to financial stability in the future that warranted continued monitoring and that global economic and domestic uncertainties would remain high in the period ahead.

"The Committee thus voted to keep the policy rate unchanged at this meeting to assess the clarity of impacts from such uncertainties," the bank said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


OECD Trims Global Growth Outlook On Trade Disputes (44 min(s), 20 sec(s) ago)
(RTTNews) - The Organization for Economic Co-operation and Development lowered the 2019 global gro ...Full Story»

Slovenia Output Prices Rise In April (02 hr(s), 29 min(s), 20 sec(s) ago)
(RTTNews) - Slovenia output prices rose in April, figures from the Statistical Office of the Repub ...Full Story»

UK Manufacturing Orders Lowest Since Late 2016: CBI (02 hr(s), 49 min(s), 20 sec(s) ago)
(RTTNews) - UK manufacturing orders hit its lowest level since October 2016, the Industrial Trends ...Full Story»

Thailand Cuts Outlook After Economy Logs Weakest Growth Since 2014 (03 hr(s), 59 min(s), 20 sec(s) ago)
(RTTNews) - The Thai economy grew at the slowest pace in more than four years in the first quarter ...Full Story»

OECD Downgrades 2019 Global Growth Projection (04 hr(s), 12 min(s), 20 sec(s) ago)
(RTTNews) - The Organization for Economic Co-operation and Development downgraded the global growt ...Full Story»

Turkey Consumer Confidence Eases In May (05 hr(s), 17 min(s), 20 sec(s) ago)
(RTTNews) - Turkey's consumer confidence eased in May after rising in the previous month, figu ...Full Story»

Denmark Consumer Confidence At 8-Month High (05 hr(s), 29 min(s), 20 sec(s) ago)
(RTTNews) - Denmark's consumer confidence grew to the highest level in eight months in May, su ...Full Story»

New Zealand Credit Card Spending Rises In April (06 hr(s), 04 min(s), 20 sec(s) ago)
(RTTNews) - New Zealand's credit card spending increased in April, after falling in the previo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

OECD Trims Global Growth Outlook On Trade Disputes

05/21/2019 - 08:56 AM (RTTNews)
(RTTNews) - The Organization for Economic Co-operation and Development lowered the 2019 global gro ...Full Story>>

Slovenia Output Prices Rise In April

05/21/2019 - 07:11 AM (RTTNews)
(RTTNews) - Slovenia output prices rose in April, figures from the Statistical Office of the Repub ...Full Story>>

UK Manufacturing Orders Lowest Since Late 2016: CBI

05/21/2019 - 06:51 AM (RTTNews)
(RTTNews) - UK manufacturing orders hit its lowest level since October 2016, the Industrial Trends ...Full Story>>

Thailand Cuts Outlook After Economy Logs Weakest Growth Since 2014

05/21/2019 - 05:41 AM (RTTNews)
(RTTNews) - The Thai economy grew at the slowest pace in more than four years in the first quarter ...Full Story>>

OECD Downgrades 2019 Global Growth Projection

05/21/2019 - 05:28 AM (RTTNews)
(RTTNews) - The Organization for Economic Co-operation and Development downgraded the global growt ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.