Members vote unanimously to keep the policy

Bank of Thailand's Monetary Policy Committee of the Committee voted unanimously Wednesday to keep its policy rate to 2.50 percent per year.
According Paiboon Kittisrikangwan , Secretary of the Monetary Policy Committee ( MPC ) , the committee viewed the Thai economy is stabilizing and should gradually recover.
" Fiscal policy , despite delayed disbursement is still lending support to growth. Present accommodative monetary stance remains to support the economic recovery in the period ahead, given uncertain global economic and financial conditions . "
The following is an excerpt from a statement.
" The global economy has improved gradually, although with significant downside risks . The U.S. economy expanded at a moderate pace behind consumption . Though the U.S. government shutdown impact should be limited, failure to lift the debt ceiling creates a substantial risk to global financial and economic stability. Several euro area economies showed signs of a nascent recovery, as sentiment picked up. the Chinese economy showed vast improvement in exports , production and investment , while North Asian economies improved exports. ASEAN economies controlled by domestic demand, with somewhat higher external vulnerabilities in some countries. area will remain the global turmoil amid uncertainty about the timing of QE
gradually and U.S. fiscal impasse . "
" The Thai economy grew more slowly than previously estimated , but began to stabilize and showed signs of recovery in some sectors . Exports began to recover in line with better demand, while private consumption and investment have balance. Outlook suggests slow growth recovery, supports accommodativefinancial conditions . main risk arising from uncertain global economic recovery and delayed fiscal disbursement especially for infrastructure projects . Inflation edged lower in line with production costs and a slump in domestic demand. household debt has slowed down somewhat. "