MPC Maintains Policy Interest Rate at 2.5%

The Monetary Policy Committee voted 6:1 to keep Thailand's policy interest rate at two point five percent annually. Focus remains on economic developments like exports and inflation. Despite opposition from Prime Minister Srettha Thavisin, the MPC supports maintaining this rate to aid financial stability.

The Monetary Policy Committee (MPC) has voted 6:1 to maintain Thailand's policy interest rate at 2.5% per annum, with an emphasis on closely monitoring economic developments, particularly in the export sector.

Announced by MPC secretary Piti Disyatat, the decision reflects Thailand’s economic growth driven by domestic demand and the tourism sector despite export challenges.

Inflation is expected to rise gradually and stabilize by the fourth quarter. The economy is projected to grow by 2.6% in 2024 and 3% in 2025.

The committee also expressed concerns about household debt levels and supports promoting loans based on repayment capability.

Prime Minister Srettha Thavisin has opposed the current rate, citing its impact on household debt.

Translation:

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利公司将维持政策利率2.5% (Chinese (S))

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金融政策金利は2.5%に維持 (Japanese)

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MPC가 정책금리율을 2.5%로 유지 (Korean)

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МПК поддерживает процентную ставку на уровне 2,5% (Russian)

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MPC hält die Leitzinssätze bei 2,5% (German)

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