BOT retains policy interest rate at 2.5% to facilitate economic recovery

The Bank of Thailand (BOT)’s Monetary Policy Committee (MPC) on Wednesday voted unanimously to retain the policy interest rate at 2.5% per annum.

The overall Thai economy continues to see the recovery trend persist, although the export and production sectors are slowing down, according to Piti Disyatat, secretary of the MPC. However, in 2024 and 2025, the economy is forecast to expand more steadily due to domestic demand, tourism, and the export sector’s recovery.

The MPC sees the inflation rate rising in 2024 in line with the economic recovery and supply-side pressures from global phenomenon such as El Niño.

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The Nation Reporter