Interest rate change unlikely | Bangkok Post: business

Business > News

Interest rate change unlikely

MPC expected to keep its relaxed stance

- +

Economists agree the Bank of Thailand is unlikely to change its policy interest rate at next Wednesday's meeting. 

The central bank's Monetary Policy Committee (MPC) at its last meeting on March 12 cut the policy rate to 2% per year from 2.25%, with a narrow four-member majority arguing that a rate cut was warranted due to rising risks to economic growth from political turmoil.

The market consensus now is that the central bank is likely to take a wait-and-see approach, with no new developments coming in recent weeks that could justify further action, said Charl Kengchon, the managing director of Kasikorn Research Center.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments