Thai central bank holds policy rate steady again

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BANGKOK, Feb. 3 (Xinhua) — The Bank of Thailand (BOT), the country’s central bank, on Wednesday maintained the policy rate at a low level again amid efforts to support economic recovery.

The BOT Monetary Policy Committee (MPC) held the policy rate unchanged at 0.5 percent, its sixth straight hold, saying the economic recovery continued but downside risks and uncertainties remained high in the period ahead.

Titanun Mallikamas, secretary of the MPC, said the committee is preserving limited policy space to act at the appropriate and most effective timing.

“The committee would stand ready to use additional appropriate monetary policy tools if necessary,” Titanun said.

Thailand’s total COVID-19 caseload has more than tripled, rising to 21,249 as of Wednesday, since the latest outbreak erupted in mid-December.

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