The Bank of Thailand defended its decision to maintain the policy rate at 2.50%, stating that it was based on the principle of not hindering economic growth, financial stability, or the inflation framework.
- The Bank of Thailand has refused to convene a special meeting to discuss lowering the policy interest rate, despite pressure from the Prime Minister and the business sector.
- The central bank is cautious about reducing the policy interest rate, citing potential risks to the economy and emphasizing the need for a prudent approach.
- The negative inflation rate is attributed to temporary measures aimed at controlling and reducing oil and energy prices, and the central bank expects it to gradually climb back to its target range.
The central bank of Thailand has refused to lower its policy interest rate, despite pressure from the government and business sector.
This decision was in response…
