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Thailand keeps rates unchanged in November

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/11/2014 (14:45)
The Bank of Thailand kept its interests rates steady for a fifth straight month in November, according to media reports. The bank held its one day bond repurchase rate at 2% in order to support the country’s economic growth.

The Thai central bank expects sustained economic growth in 2015 and stated that further rate cuts were unlikely to lead to any real improvement in growth as rates are already low. The Bank also stated that it lowered its economic forecast to 1.4% for this year from 2% while it also cut its export growth forecast to 0.1% from 1.5%.
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