# Thailand's central bank holds key rate at a record low - Times of News

> The Bank of Thailand kept its one-day repurchase rate unchanged at a record low of 1.25 percent. It cut its 2019 GDP growth forecast to 2.5 percent and its 2020 forecast to 2.8 percent, citing weak exports hit by the US-China trade war and a strong baht. Capital Economics and Tisco expect a further rate cut next year.

- Date: 2019-12-18 · published 2019-12-18T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/55845-thailand-s-central-bank-holds-key-rate-at-a-record-low-times-of-news
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Weak Thai export growth and a slowing economy point to softer regional demand for imported feed inputs. Further monetary easing could weaken the baht over time, a modest support for Thai export competitiveness.

## Sources

- singapore.timesofnews.com: https://singapore.timesofnews.com/business-economy/thailands-central-bank-holds-key-rate-at-a-record-low.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.