Bank of Thailand holds rate again

Policy-makers agree to hold rate despite government pressure to cut

Bank of Thailand
The Bank of Thailand
George Johnson

The Bank of Thailand (BoT) held its policy rate for the fourth straight meeting today (June 12), as inflation returned to its target range in May.

The BoT’s monetary policy committee voted 6–1 to keep the policy rate at 2.5%, a level unchanged since September 2023. It acted despite months of pressure from prime minister Srettha Thavisin’s government to cut interest rates.

One member voted to cut the policy rate by 25 basis points, arguing that would support growth and relieve the debt burden on

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