Bank of Thailand holds rate despite PM’s call for cuts
Monetary policy committee expresses concern on elevated debt levels
The monetary policy committee of the Bank of Thailand (BoT) voted to hold its policy rate at 2.5% today (April 10), resisting government pressure for a rate cut.
The committee voted 5–2 in favour of the hold, with two members arguing for a 25bp cut, the central bank announced.
This is the third holding decision since the central bank put its tightening cycle on hold in November 2023. The 200 basis point cycle began in August 2022.
Inflation has been negative in the South-east Asian country since
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