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Financial News: Thailand Central Bank Holds Rate Unchanged As Expected

Thailand Central Bank Holds Rate Unchanged As Expected

06/08/2022 - 03:25:00 (RTTNews)

(RTTNews) - Thailand's central bank left its key interest rate unchanged on Wednesday, as expected, but policymakers were divided in their views.

The Monetary Policy Committee voted 4 to 3 to maintain the policy rate at 0.50 percent, the Bank of Thailand said in a statement.

Three MPC members voted to raise the policy rate by 25 basis points, the bank added.

A split vote was cast for the first time since August last year, when two of the six attending members sought a reduction.

The previous change in the policy rate was a quarter-point reduction in May 2020 at the peak of the coronavirus pandemic.

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