Current RP rate of 2.75% well suited to business, says Kasikornbank | Bangkok Post: news

News >

KBank: Policy rate cut unlikely

- +

The meeting of the central bank’s monetary policy committee (MPC) on May 29 is likely to maintain the repurchase rate at 2.75%, Pakorn Pattanapat, executive vice president of Kasikornbank, said on Wednesday. 

This is because the economy is experiencing good growth at 5%, inflation is below 3% and the baht is now more stable, he said.

Mr Pakorn said he expected the MPC would maintain the RP policy rate at 2.75% until the end of the year, since it is currently at a suitable level for businesses and does not place any great burden on them.

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

1 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