BANGKOK: The Bank of Thailand’s monetary policy committee agreed unanimously at its meeting yesterday to keep the benchmark policy rate unchanged at 1.5 percent, citing the economic growth rate which is close to the projection made at the last meeting.
Secretary of the board, Mr Chaturong Chantharangsee, said that the board forecast the growth rate to register 3.1 percent with a downside risk that the actual growth rate might be smaller than projection due mainly to lower investment of the private sector, limited business expansion, weak private sector’s consumption, especially households in the farming sector which is hard hit by drought.