Policy interest rate retained at 1.5 percent

The Monetary Policy Committee resolved unanimously on Wednesday to retain policy interest rate at 1. 5 percent.

Mr Chaturong Chantharang, assistant governor of the Bank of Thailand for monetary police, said that the MPC wanted to continue using lenient monetary policy to boost sustained economic expansion and to keep inflation rate within target.

According to economic assessments this year and next year, the economy tends to expand at higher rate than previously projected – 3.9 percent instead of 3.8 percent.