The Bank of Thailand logo is displayed at the bank entrance on Samsen Road. The Monetary Policy Committee raised the policy rate to 2.25% earlier this month, the highest level in nine years.
With the Bank of Thailand gradually raising its policy benchmark rate for a year as part of its monetary policy normalisation to tame inflation, the market now expects the rate hike cycle to end.
Some economists believe the central bank’s policy rate reached its terminal point at 2.25%. However, others forecast the Monetary Policy Committee (MPC) to hike the rate one last time next month, ending the rate hike cycle at 2.5%.
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