Bank of Thailand keeps policy interest rate at 2.50 percent

The Bank of Thailand has announced that it will maintain the policy interest rate at 2.50 percent.

Key Takeaways

• The Monetary Policy Committee in Thailand has decided to maintain the policy rate at 2.50 percent, considering the current economic recovery and its impact on inflation and financial stability.
• The Thai economy is expected to experience more balanced growth in the coming years, driven by domestic demand, the tourism sector, and a recovery in merchandise exports.
• Inflation is projected to increase next year, in line with the economic recovery and supply pressures, but it is expected to remain within the target range.

Despite a slowdown in merchandise exports, the Thai economy is continuing to recover, supported by domestic demand, the tourism sector, and a recovery in exports. Inflation is expected to increase next year due to economic recovery and supply pressure.

Headline…