India, June 25 -- The Bank of Thailand maintained its interest rate on Wednesday as policymakers sees rising risks from US trade policies, geopolitical factors and domestic political conditions. The Monetary Policy Committee voted 6 to 1 to maintain the policy rate at 1.75 percent. One member sought a 25 basis-point cut to 1.50 percent.
Previously, the bank had lowered the policy rate by 25 basis points each in April and February.
The committee observed that the previous reductions have already provided some cushion against the prevailing risks. Most members focused on the timing and effectiveness of monetary policy amid high uncertainties and limited policy space.
Meanwhile, the sole dissenter observed that a reduction in policy rate is...