Bank of Thailand continuing rate pause

BANGKOK - The Bank of Thailand (BoT) has maintained its policy rate at 1.50%, in a unanimous decision. The policy statement emphasised that, while the economy was projected to gain further traction on the back of external demand, the strength of domestic demand and private consumption would need to be monitored

Inflation was expected to rise only gradually. Accordingly, there was a need for monetary policy to remain accommodative, the bank said.
ANZ Bank says it expects the BoT to stay on hold through 2018 to further cement the ongoing recovery. www.live.anz.com (ATI).