Thailand Set to Halt Tightening Cycle as Inflation Loses Steam
11/29/2023 06:48
Thailand is poised to leave its benchmark interest rate unchanged after eight successive quarter-point increases since last year that pushed inflation below central bank’s target even as economic growth remained dismal.
Thailand is poised to leave its benchmark interest rate unchanged after eight successive quarter-point increases since last year that pushed inflation below central bank’s target even as economic growth remained dismal.
The Bank of Thailand will keep the one-day repurchase rate unchanged at 2.5% on Wednesday, all 22 economists surveyed by Bloomberg predict as the first hold decision in 17 months. The BOT will probably leave borrowing costs at a decade-high through the coming year, a separate Bloomberg poll showed.