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Thai Central Bank Keeps Rate Steady

Thailand's central bank left its key interest rates unchanged again, on Wednesday, as widely expected.

The Monetary Policy Committee voted unanimously to maintain the policy rate at 1.50 percent, the Bank of Thailand said in a statement on Wednesday. The decision came in line with expectations.

The benchmark rate has been at the current level since April 2015, when it was reduced by a quarter point.

The committee assessed that the current accommodative monetary policy stance remained conducive to the continuation of economic growth and should foster the return of headline inflation to target.

The economy gained further traction on continued improvements in exports of goods and services. Nonetheless, the bank noted that growth outlook was subject to risks that warranted close monitoring, namely uncertainties pertaining to US economic and foreign trade policies as well as geopolitical risks.

Headline inflation was projected to edge up at a gradual pace on the back of the recovery in domestic demand and the increase in oil prices since last year.

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