MPC expected to keep policy rate at 0.5%
Panel will not be pressured by US hike
The Bank of Thailand’s Monetary Policy Committee (MPC) is expected to keep its policy rate at the historically low level of 0.5% throughout this year to maintain economic momentum, according to economists.
The US Federal Reserve is projected to raise its policy rate multiple times throughout this year.
Last week the Fed hiked its benchmark rate by 25 basis points to counter economic risks posed by excessive inflation and the war in Ukraine.
Wachirawat Banchuen, senior economist at SCB EIC, a research unit of Siam Commercial Bank, said the research house predicts the Fed will raise the policy rate seven times in a row this year by 25 basis points each meeting to control inflation.
However, the US…
