Bank of Thailand Expected to Hold Rates Amid Instability
Bank of Thailand Expected to Hold Rates Amid Instability
Bank of Thailand Expected to Hold Rates Amid Instability
News summary

The Bank of Thailand (BOT) is expected to maintain its policy rate at 2.5% at its upcoming meeting, despite ongoing political instability and economic challenges. Analysts, including those from Kasikorn Research Center and Maybank, predict a steady rate through 2024, with potential easing in 2025 if global central bank trends shift. Inflation remains below the BOT's target range, and economic growth is slow and uneven, averaging 1.9% in the first half of 2024. The new Prime Minister, Paetongtarn Shinawatra, has called for a reassessment of a $14 billion digital wallet handout. Political uncertainties and the weak Thai baht further complicate the outlook, with some economists seeing a possibility for a rate cut if economic risks escalate. The BOT's decision will also consider the U.S. Federal Reserve’s anticipated policy easing in September.

Story Coverage
Thailand Keeps Key Rate Steady as New Government Takes Shape
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Thai Central Bank May Face More Rate-Cut Pressure From New PM
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Reuters
Center
Thai central bank holds key rate at 2.50%
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Center 50%
Coverage Details
Total News Sources
2
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1
Center
1
Right
0
Unrated
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Last Updated
30 days ago
Bias Distribution
50% Left
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Story Coverage
Thailand Keeps Key Rate Steady as New Government Takes Shape
Indonesia, Thailand Set for Rate Pause as They Await Fed Easing
Thai Central Bank May Face More Rate-Cut Pressure From New PM
alt
Reuters
Center
Thai central bank holds key rate at 2.50%

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