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Thai Central Bank Maintains Key Interest Rate at 2.50%

Despite government pressure for a rate cut, the Bank of Thailand holds firm to support economic stability.

  • The Bank of Thailand's monetary policy committee voted 6-1 to keep the rate unchanged.
  • Prime Minister Srettha Thavisin and other officials have repeatedly called for a rate cut.
  • Economists are divided on the outlook, with some predicting a cut by the end of the year.
  • Political uncertainty and fiscal policy challenges add complexity to the economic forecast.
  • The Thai baht has weakened significantly, reflecting broader economic concerns.
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