TEXT-Thai central bank holds policy rate at record low 0.50%, as expected
By Reuters Staff 6 Min Read BANGKOK, May 5 (Reuters) - Following is Wednesday’s statement from Thailand’s central bank after it left the benchmark one-day repurchase rate unchanged at a record low of 0.50%, as expected, warning of a third coronavirus wave risk. All 14 economists in a Reuters poll had expected the Bank of Thailand (BOT) to remain on hold after three rate cuts in the first half of 2020 to ease the impact of the pandemic. Mr. Titanun Mallikamas, Secretary of the Monetary Policy Committee (MPC), announced the outcome of the meeting on May 5 as follows: (bit.ly/2SjuUrU) The Co...
Source: reuters.com