Thailand Rates Seen on Hold as Fiscal Takes Lead: Decision Guide

Thailand’s central bank will likely hold its key interest rate steady at an all-time low and let fiscal policy take the lead in reviving the economy amid a resurgence of Covid-19.

Twenty-five of 27 economists surveyed by Bloomberg expect the Bank of Thailand to keep the policy rate at 0.5% on Wednesday for a sixth consecutive meeting, after lowering it by a total of 75 basis points last year. The other two expect a 25-basis point cut.

Thailand’s economy had started to recover from the initial virus outbreak last year but now faces another headwind as cases have surged again since mid-December. The government announced a series of measures last month, including $7…