Thailand's central bank left its benchmark interest rate unchanged at a rec...
BANGKOK - Thailand’s central bank left its benchmark interest rate unchanged at a record low on Wednesday, while it cut its growth forecasts for this year and next as exports take a hit from the Sino-U.S. trade war and a strong baht.
The BOT trimmed its 2019 GDP growth forecast to 2.5% from 2.8% estimated in September and lowered its 2020 growth outlook to 2.8% from 3.3% on heightened external risks. Last year’s growth was 4.1%. Southeast Asia’s second-largest economy is facing flagging growth, below-target inflation, a climbing baht, risks to financial stability and falling consumer confidence.
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