Bank of Thailand Expected to Maintain 2.5% Rate as Inflation Nears Target

Central Bank Retains Key Interest Rate at 2.5%

MONETARY POLICY COMMITTEE HOLDS BENCHMARK REPURCHASE RATE STEADY

BANGKOK, Thailand - The Bank of Thailand (BoT) has maintained its key interest rate at 2.5%, marking the third consecutive meeting without any adjustment.

This decision was announced by BoT Assistant Governor Piti Disyatat, Secretary of the Monetary Policy Committee (MPC), during a press conference on Wednesday.

According to Disyatat, the MPC believes that the current inflation rate is approaching the bank's target range, which supports the decision to leave interest rates unchanged.

The one-day repurchase rate, the BoT's benchmark interest rate, has been held steady at 2.5% since August 2022.