RTTNews - As expected, the Thai central bank on Wednesday kept its policy interest rate unchanged at 1.25% for the second rate-setting session.

The central bank said in a statement that its monetary policy committee assessed that the growth of the Thai economy would improve going forward provided that the global economic recovery sustained and the fiscal impetus started to intensify.

Rate setters are of the view that the current monetary policy remained accommodative and would be supportive of an economic recovery in a subdued inflation environment.

The central bank said the monetary policy committee would continue to closely monitor developments in domestic and external economic conditions and would stand ready to implement appropriate monetary policy to ensure an orderly economic recovery.

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