Thai Central Bank Keeps Rate at Decade High, Tempers Growth Forecasts

Thailand’s central bank kept its benchmark policy rate at its highest point in a decade, saying that the economy is recovering, while forecasting “more balanced” growth in the years to come.

The Bank of Thailand said Wednesday that it will maintain its one-day repurchase rate at 2.50%, ending a run of eight straight increases that began in August last year. At its previous meeting, the bank had raised the rate to its highest level since November 2013.