January 20, 2018, 6:54 pm
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Thai growth still below ‘potential’

BANGKOK- Thailand’s economic growth rate, while improved from recent years, is still below “potential” and policy has to remain accommodative to boost domestic demand, minutes of the central bank’s last policy meeting showed on Wednesday.

On Dec. 20, the Bank of Thailand’s (BOT) policy committee voted unanimously to keep the one-day repurchase rate at 1.50 percent, where it has been since April 2015. 

“While the Thai economy gained further traction, it was still below potential and thus inflationary pressures remained subdued,” the minutes said.

The committee viewed that “an accommodative monetary policy stance was still necessary to foster stronger domestic demand”.
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