Analysts expect Bank of Thailand to maintain policy rate at meetingListen to this articleA recovering domestic economy and the likelihood the United States Federal Reserve (Fed) might slow its interest rate cuts if inflation revives should prompt the Bank of Thailand (BoT) to maintain its policy rate at its meeting on Wednesday, say analysts. Kasikorn Securities and Kasikorn Research Center (K-Research) also expect the MPC meeting this week to vote unanimously to maintain the policy rate at 2.50%. However, the MPC is expected to be more accommodative in its monetary policy direction, signalling an opportunity to cut interest rates in the future. The MPC meeting this month is scheduled to publish economic and inflation forecasts, with K-Research projecting the central bank may maintain its projections for the economy and inflation this year. The central bank forecasts the economy to expand 2.6% in 2024, with a headline inflation rate of 0.6%.

Source: Bangkok Post October 15, 2024 17:22 UTC