RTTNews - Wednesday, the Bank of Thailand maintained its policy interest rate at 1.25% per annum, in line with expectations.

The monetary policy committee assesses that the current level of policy interest rate is appropriate and supportive of the economic recovery without generating any inflationary pressure, the central bank's assistant governor Paiboon Kittisrikangwan said.

The central bank left the rate untouched for the third straight rate-setting session.

Asian central banks and most of the European central banks have stopped cutting interest rates as they saw signs of a global recovery spreading to their individual economies.

In the second quarter, Thailand's economic condition has shown a more positive sign. GDP grew 2.3% sequentially, reversing a 1.8% drop in the first quarter.

The central bank said latest economic indicators, such as manufacturing production, exports, employment and private consumption have also shown continued improvement.

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