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Bangkok Post
Bangkok Post
Business

Bank of Thailand set to hold firm on its policy rate

Bank of Thailand MPC Vitai Ratanakorn Monetary Policy Committee Inflation Thailand KResearch Monetary Policy United States SP

The Bank of Thailand (BoT) is widely expected to leave its benchmark policy rate unchanged at 1% at Wednesday's Monetary Policy Committee (MPC) meeting, with research houses noting that subdued inflationary pressures and heightened external uncertainties warrant a steady stance.

Bank of Thailand governor Vitai Ratanakorn said that although peace talks between the US and Iran have not yet yielded fruitful results, the central bank has maintained its assessment that the Iran war would end by the middle of the year.

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