Economic news
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.
