Economic news
Thai central bank holds key rate steady at 2.25%
2024.12.18 03:14
BANGKOK (Reuters) – Thailand’s central bank left its key interest rate unchanged on Wednesday, as widely expected, after delivering a surprise cut at its previous meeting in October.
The Bank of Thailand’s monetary policy committee voted unanimously to keep the one-day repurchase rate at 2.25% at its final meeting of 2024.
All but two of 30 economists in a Reuters poll had predicted the key rate would be held steady this week. The two outliers had expected a 25 basis-point cut on Wednesday.
The median forecast in the poll was that rates would be cut by 25 basis points by mid 2025.
