Thai central bank keeps policy rate unchanged This year's growth forecast revised downward

[Bangkok 25th Reuters]-The Central Bank of Thailand left the repo interest rate on the next day of the policy interest rate unchanged at 1.50%. The decision was unanimous.

According to a Reuters survey, 13 out of 20 economists were expecting interest rates to remain unchanged.

The central bank lowered its policy rate by 25 basis points in August, contrary to market expectations.

On the 25th, the central bank revised the forecast for economic growth in 2019 to 2.8%, down from 3.3% shown three months ago. Exports are forecast to decline by 1%. So far, it has been predicted that the rate of growth will be zero.

Thailand's economic growth rate in 2018 was 4.1%, the highest level in six years.