The Bank of Thailand keeps its rate unchanged amid challenges
The Bank of Thailand has kept its key interest rate at 1.00%, despite ongoing economic challenges and low inflationary pressure, in line with analysts' expectations.
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The Bank of Thailand kept its key interest rate unchanged at 1.00% on Wednesday, without signaling any intention to quickly return to an easing policy. This decision was in line with the forecasts of all 28 economists surveyed by LSEG. All six members of the Monetary Policy Committee supported maintaining the rate at its current level.
In the previous two meetings, the bank had lowered interest rates. Currently, inflationary pressure remains low, while the country's economy is facing significant challenges related to the global energy crisis.
