Rate predicted to reach terminal level
Local economists are predicting the Bank of Thailand will increase its policy rate to a terminal level of 2% this month after estimating the Fed’s funds rate has already peaked.
According to ttb analytics, the research centre of TMBThanachart Bank (ttb), the central bank’s Monetary Policy Committee (MPC) is expected to increase the policy benchmark rate by 0.25 percentage points at its upcoming meeting on May 31 from the current rate of 1.75%.
Following the rate hike, the central bank is expected to maintain the rate unchanged for the remainder of this year,…
