Bank of Thailand holds policy rate despite government pressure

Decision comes after prime minister called for cut

The Bank of Thailand

The Bank of Thailand (BoT) has kept its policy rate unchanged for a second straight meeting, resisting the government’s repeated calls for it to be cut.

In a 5–2 vote today (February 7), the bank’s monetary policy committee decided to hold the one-day repurchase rate at 2.5%, its highest level since January 2014. The BoT has raised the rate by 200 basis points since August 2022. 

“The current level of policy interest rate remains consistent with sustaining growth while fostering macro-financial

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