BoT Maintains Key Interest Rate at 2.50%

[snoop1130]

 

BANGKOK, Feb 7 (TNA) – The Bank of Thailand’s Monetary Policy Committee (MPC) has announced to maintain the policy rate at 2.50 percent after its meeting on Wednesday.

 

Mr. Piti Disyatat, Secretary of the MPC said the committee voted 5 to 2 to maintain the policy rate at 2.50 percent. Two MPC members voted to cut the policy rate by 0.25 percentage point.

 

Full story: Thai News Agency 2024-02-07

 

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[Srikcir]

15 hours ago, snoop1130 said:

maintain the policy rate at 2.50 percent

Consistent with BOT MPC's meeting on 29 November 2023 subsequent to its meeting in June 2023:

https://www.bot.or.th/en/news-and-media/news/news-20231129.html

The Committee voted unanimously to maintain the policy rate at 2.50 percent.

• "the Committee deems the current policy interest rate conducive to keeping inflation sustainably within the target range, fostering long-term macro-financial stability by preempting the build-up of financial imbalances, and ensuring sufficient policy space in light of uncertain outlook.

To date I believe that BOT/MPC has consistently shown itself to be largely above national politics and focused on principles of economics. Unlike the governments that followed the Yingluck regime that was "terminated" in mid-2014.

"Not only can belief in misinformation lead to poor judgements and decision-making, it also exerts a lingering influence on people's reasoning"  https://www.nature.com/articles/s44159-021-00006-y

 

[Mike Lister]

10 April and 12 June are the next two dates for the MPC. that 3/2 split makes April look doubtful, June is sure to be a cut.

[lordgrinz]

Well at least they have decided not to be swayed by the new incompetent PM and his cronies.

[john donson]

my favorite bank went from 2.9% in december to 2.5% last month and this month, their promotion is 2.3% ... cannot wait to see next month's rate...  wish I have the b.a.l.l.s. to 'play' <deleted>coins