Image courtesy of Bangkok Post
Economists anticipate that the Bank of Thailand will raise its policy rate to a terminal level of 2% this month, following their estimation that the Federal Reserve’s funds rate has reached its peak. The research centre of TMBThanachart Bank (ttb) suggests that the central bank’s Monetary Policy Committee (MPC) will increase the policy benchmark rate by 0.25 percentage points during the meeting set for May 31, raising it from the current 1.75%.
After this rate hike, ttb analytics predicts the central bank will maintain the rate unchanged for the rest of the year, focusing on financial stability amidst global uncertainties and high inflation rates. The country’s inflation rate has remained steady but is still at a high level which may experience a slight increase during the second half of the year due to recovering
