Policy rate maintained at 2%

business June 18, 2014 00:00

By The Nation

The Bank of Thailand's Monetary Policy Committee today decided to maintain the policy rate at 2 per cent, though the economic outlook remains uncertain.

Paiboon Kittisrikangwan, secretary to the MPC, said at the press conference that all 7 members agreed to mantain the rate. 
A major concern is placed on the export recovery, which has been slow and insufficient to bolster the economy. Tourism income could also be dented. 
Meanwhile, the public and private investment is expected to show an improvement, thanks to the greater political stability. 
Paiboon noted that inflation may rise slightly due to the hikes in cooking gas price in the past months. However, though cooked food prices may rise, there is no sign that such would spill to other goods prices. 

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