Dec 18 2024: The Bank of Thailand (BOT) held its key interest rate at 2.25% during its final policy meeting of 2024, aligning with market expectations after a surprise rate cut in October.
The central bank’s monetary policy committee voted unanimously to maintain the one-day repurchase rate, signaling a pause as it assesses economic conditions. The decision was in line with the predictions of 28 out of 30 economists surveyed in a Reuters poll. The two dissenting analysts had anticipated a 25-basis-point rate cut at this meeting.
The poll’s median forecast suggests the BOT may implement a 25-basis-point rate cut by mid-2025, reflecting a gradual easing trajectory.
The central bank continues to monitor Thailand’s economic recovery, balancing growth prospects with inflation risks following its unexpected rate adjustment earlier in the year.
