{"id":3392,"date":"2024-08-21T17:41:30","date_gmt":"2024-08-21T10:41:30","guid":{"rendered":"https:\/\/plizz.co\/?p=3392"},"modified":"2024-08-21T17:41:32","modified_gmt":"2024-08-21T10:41:32","slug":"amid-signs-of-economic-recovery-mpc-retains-thailands-key-policy-rate","status":"publish","type":"post","link":"https:\/\/plizz.co\/th\/blog\/amid-signs-of-economic-recovery-mpc-retains-thailands-key-policy-rate\/","title":{"rendered":"Amid signs of economic recovery, MPC retains Thailand\u2019s key policy rate"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/plizz.co\/wp-content\/uploads\/2024\/08\/2ddpSUcvNUm7iK9zBUdi-1-1024x576.webp\" alt=\"2ddpSUcvNUm7iK9zBUdi\" class=\"wp-image-3394\" srcset=\"https:\/\/plizz.co\/wp-content\/uploads\/2024\/08\/2ddpSUcvNUm7iK9zBUdi-1-1024x576.webp 1024w, https:\/\/plizz.co\/wp-content\/uploads\/2024\/08\/2ddpSUcvNUm7iK9zBUdi-1-300x169.webp 300w, https:\/\/plizz.co\/wp-content\/uploads\/2024\/08\/2ddpSUcvNUm7iK9zBUdi-1-768x432.webp 768w, https:\/\/plizz.co\/wp-content\/uploads\/2024\/08\/2ddpSUcvNUm7iK9zBUdi-1-18x10.webp 18w, https:\/\/plizz.co\/wp-content\/uploads\/2024\/08\/2ddpSUcvNUm7iK9zBUdi-1.webp 1300w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Members vote 6:1 to hold the rate at 2.5%<\/strong><\/p>\n\n\n\n<p>The Monetary Policy Committee (MPC) of the Bank of Thailand (BOT) voted on Wednesday to retain the policy interest rate at 2.5% per annum as it sees the Thai economy on a recovery track.<\/p>\n\n\n\n<p>MPC secretary-general Piti Disyatat said the committee voted 6:1 to retain the current policy interest rate of 2.5%.<\/p>\n\n\n\n<p>Piti said one member wanted the rate to be lowered by 25 basis points amid worries about Thailand\u2019s economic growth dropping due to structural issues. The lone member also believed that the interest rate reduction would help ease some burden of debtors.<\/p>\n\n\n\n<p>The BOT and the government of former prime minister Srettha Thavisin were often at odds, as the government repeatedly pressured the MPC to lower the policy rate to help stimulate the economy. The BOT, however, insisted that the rate was right for taming inflation while the economy was recovering.<\/p>\n\n\n\n<p>Piti said the majority members of the MPC saw Thailand\u2019s economy likely to expand as projected thanks to surging tourism and rising demand in the country while exports were recovering slowly.<\/p>\n\n\n\n<p>Piti said the MPC expected the inflation rate would return to the targeted frame late this year.<br>&nbsp;<\/p>\n\n\n\n<p>\u201cThe majority members of the MPC see the current policy rate as still at a level in line with the economic expansion whose potential is improving,\u201d Piti said.<\/p>\n\n\n\n<p>\u201cAnd the policy rate is in line with keeping economic and financial stability.\u201d<\/p>\n\n\n\n<p>Piti said the MPC had suggested that the BOT and the government continue to watch out for the impact of poor-quality loans.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.nationthailand.com\/business\/economy\/40040774\">The Nation<\/a><\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Members vote 6:1 to hold the rate at 2.5% The Monetary Policy Committee (MPC) of the Bank of Thailand (BOT) voted on Wednesday to retain the policy interest rate at 2.5% per annum as it sees the Thai economy on a recovery track. MPC secretary-general Piti Disyatat said the committee voted 6:1 to retain the [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":3394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amid signs of economic recovery, MPC retains Thailand\u2019s key policy rate<\/title>\n<meta name=\"description\" content=\"Read our article &quot; Amid signs of economic recovery, MPC retains Thailand\u2019s key policy rate &quot;. 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