Market News
Thai policy rate adequate to handle risks, inflation target appropriate, c.bank says - REUTERS
By Orathai Sriring and Kitiphong Thaichareon
- Inflation no obstacle for economy, c.bank official says
- Policy rate should stay neutral
- Government eyes inflation at 2% level, finance minister
- C.bank says economy should grow close to potential in 2025
BANGKOK, Oct 30 (Reuters) - Thailand's policy interest rate is at an adequate level to address economic risks as the recovery is uneven, while the current inflation target range of 1% to 3% remains appropriate, the central bank said.
After resisting repeated calls by the government for easing, the Bank of Thailand's monetary policy committee on Oct. 16 unexpectedly voted 5-2 to cut the one-day repurchase rate (THCBIR=ECI) by 25 basis points to 2.25%, the first decrease since 2020. Two members voted to keep the rate steady.
Advertisement · Scroll to continue
