Bank of Thailand maintains policy rate for economic revival

The existing policy rate of the Bank of Thailand is deemed suitable for the nation’s economic revival, while inflation is anticipated to remain within its target range, according to the central bank. This decision, the Monetary Policy Committee (MPC) of the central bank states, is based on a comprehensive analysis of various scenarios.

Piti Disyatat, Assistant Governor and MPC Secretary revealed yesterday, January 14, that the Bank of Thailand has been consistently elevating its policy rate, taking into account both global and local economic conditions, specifically in the short to medium term. The prevailing monetary policy stance is considered appropriate by the central bank, stated Piti.

“However, we remain open to different perspectives, including those from the government. We are ready to adjust the policy rate as per the economic situation, without sticking rigidly to one…