The Monetary Policy Committee (MPC) of the Bank of Thailand has decided to maintain the policy interest rate at 1.75%, following a vote where six members favored the decision while one member opposed it.

This move aligns with market expectations as the central bank monitors economic conditions and inflation trends within the country.

Despite global economic uncertainties and inflationary pressures, the MPC has signaled its intent to support economic recovery in Thailand, especially amid slower growth forecasts and various external challenges.

The central bank's decision comes as other economies are also grappling with heightened inflation and deciding on their respective monetary policies.

Thailand's economic indicators show a modest recovery trajectory, influenced by factors such as tourism rebound and domestic consumption.

The central bank is focusing on balancing growth and inflation, assessing the effectiveness of its monetary policy tools in stabilizing the economy.

The next scheduled meeting of the MPC will allow further examination of economic data and conditions, as the central bank remains vigilant in managing inflation while supporting growth initiatives.