The Monetary Policy Committee (MPC) will likely keep its key interest rate unchanged on Wednesday at an all-time low to save limited policy space while also cutting its growth forecast for the year.
All 25 economists surveyed by Bloomberg expect the Bank of Thailand’s commitee to keep the policy rate at 0.5% for a seventh consecutive meeting, after lowering it by a total of 75 basis points last year. The MPC is also scheduled on Wednesday to offer its latest estimate for 2021 gross domestic product.
With the central bank on pause, fiscal policy has been doing the heavy lifting to support a fragile recovery after the economy contracted 6.1% last year. The Finance Ministry and…
