POLL-Thai central bank seen holding rate at record low amid new virus wave

By Reuters10 days ago

By Orathai Sriring

BANGKOK, April 30 (Reuters) - Thailand's central bank is expected to leave its key rate at a record low of 0.50% for an eight straight meeting on Wednesday to help the tourism-reliant economy amid a third wave of coronavirus infections, a Reuters poll showed.

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While the latest outbreak has caused over 36,000 infections in a month and slowed domestic activity, increased exports, another key growth driver, have lent some support.

All 14 economists surveyed expect the central bank's Monetary Policy Committee to leave its one-day repurchase rate THCBIR=ECI at 0.50% next week, with some noting it has little policy ammunition left.

The rate has been unchanged since mid-2020 after three cuts that year to ease the impact of the COVID-19 pandemic.

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