Thai central bank holds key rate at 2.50%

2024.08.21 03:28

BANGKOK (Reuters) – Thailand’s central bank left its key interest rate unchanged for a fifth straight meeting on Wednesday, as widely expected, despite a sluggish economy and fiscal policy uncertainty after a court dismissed the prime minister.The Bank of Thailand’s (BOT) monetary policy committee voted 6-1 to hold the one-day repurchase rate at 2.50%, the highest in more than a decade.

All but three of 27 economists in a Reuters poll had expected the BOT to keep the rate unchanged this week. Three economists had predicted a quarter-point cut.

The median forecast in the poll was that a rate cut is not expected until the second quarter of 2025.

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