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.