Policy rate change ‘unlikely’ this year

The Bank of Thailand (BOT) is expected to maintain its policy interest rate at 1.75 per cent until at least the end of 2019, according to TMB Analytics.

The next meeting of the country’s Monetary Policy Committee will be on June 26, 2019.  Many central banks are likely to cut their policy rates. Although the Thai economy is likely to slow down, economic stimulus through interest rate reduction will have limited impact due to the high level of household debt, which causes a risk to the country’s financial stability.

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The Nation Reporter