INQUIRER.net: Thailand holds interest rate amid economic weakness

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Thailand holds interest rate amid economic weakness Aug 22nd 2013, 00:08 BANGKOK—Thailand on Wednesday left its benchmark interest rate at 2.5 percent amid concerns over sluggish economic growth.   The move, which follows a trim to interest rates in May, comes after official figures showed persistent weakness in the kingdom's economy in the first two quarters of the year.   "Continuing with monetary policy easing will support economic growth," said Paiboon Kittisrikangwan, secretary of the Thai central bank's Monetary Policy Committee (MPC).   Thailand has suffered two consecutive quarterly economic contractions this year, with figures Monday showing the economy shrank 0.3 percent in the three months to June compared to ... Keep on reading: Thailand holds interest rate amid economic weakness Media files: thailand-growth.jpg (image/jpeg)

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