BANGKOK (Reuters) -The Bank of Thailand will keep monetary policy accommodative to support an economic recovery and remains ready to adjust policy settings as needed, the minutes of the central bank’s October 8 policy meeting showed on Wednesday.

At the meeting, the monetary policy committee unexpectedly voted 5-2 to leave the one-day repurchase rate unchanged at 1.50%.

In the minutes, the committee said policy should remain accommodative and noted that the impact of earlier rate cuts was still feeding through to the economy.

“Most members placed importance on the timing and effectiveness of monetary policy given the limited policy space and therefore voted to maintain the policy rate at this meeting,” the minutes showed.

The central bank has cut its key rate four times over the past y

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