Thai Central Bank Sustained 1.5% Rate

The Bank of Thailand (BOT) maintain its key interest rate as it presents a 13th-time record low, the central bank of Thai opt for a financial stability considering that the borrowing costs of U.S will weigh against Asian currencies. The repurchase rate for the 1-day bond of the BOT stayed at 1.5 percent as the committee members in charged for monetary policy had a unanimous vote.

The Federal Reserve System increased its rates last week with a quarter point as a consequence emerging markets struggled for capital flows, withal, the central bank plans to have three more hikes for 2017. The protectionism law implemented by Trump had affected the economy of Thailand because the region is considered to an export dependent country.

The economic performance of Thailand is in the midst of conflict as it struggle in securing a traction for this year since the consumer spending become less extreme while curb trading plummeted.  The growth is down to 3.2 percent during the third quarter last year while consumer price rose to 0.6 percent since November 2015.