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Thailand’s central bank holds interest rates

by ChemOrbis Editorial Team -
  • 23/03/2016 (08:56)
According to media reports, the Bank of Thailand held its key interest rates steady for a seventh consecutive month on March 23 in order to gauge the impact of recent stimulus measures on the economy. The bank kept its one-day bond repurchase rate at 1.5% in line with Bloomberg economists’ expectations.

The central bank has announced several stimulus measures in recent months aimed at boosting consumption in rural areas, including an additional THB70 billion ($2 billion) in support for the housing market. Some officials also commented that the recent fiscal measures would do more to boost domestic demand than lower borrowing costs.
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