Thai central bank holds key rate as it waits for stimulus clarity

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BANGKOK :Thailand's central bank left its key interest rate unchanged for a fifth straight meeting on Wednesday, saying the current level was neutral as it waits to see whether the country's new prime minister will make changes to economic stimulus policies.

Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics, said he expected two rate cuts, one 25-bps cut each in October and December as private domestic demand weakened.

The key rate is neutral and not high compared with global rates, said Assistant Governor Piti Disyatat, adding that the BOT would ensure it does not hinder economic activity.

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Category: EconomyBusiness

Markets: SingaporeNew ZealandPhilippinesSwedenSwitzerlandThailand

Topics: Bank Thailand Rate Policy Quarter Economy Cent Neutral Prime Minister Central

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 15:53:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 663 words

Reading Time: 4 minutes read

Sentences: 27 lines

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Copyright Owner: © Channel News Asia

News ID: 22195098

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