The Bank of Thailand (BOT) is expected to keep its key interest rate at 2.50% on Wednesday, according to economists polled by Reuters, believing that the tightening cycle is now over.
Consumer prices index (CPI) fell 0.3% in October from last year, which was the first time it dropped in more than two years. It is now well below the central bank’s 1-3% target range.
All 28 economists in the November 20-24 poll by Reuters expected the Thai central bank to maintain its benchmark one-day repurchase rate at 2.50% when policymakers meet this Wednesday.
Meanwhile, median forecasts from a Reuters poll showed no change to the Thai policy rates until at least July 2025.
