Thailand’s central bank kept its benchmark interest rate unchanged for a third straight meeting, putting the onus on government spending to support the economic recovery as the baht falls with higher U.S. rates looming.

The Bank of Thailand held its one-day bond repurchase rate at 1.5 percent in a unanimous decision, it said in Bangkok on Wednesday. Seventeen economists surveyed by Bloomberg predicted the decision, while three forecast a quarter of a percentage point cut.

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