BENGALURU : The Bank of Thailand (BOT) will deliver a final 25-basis-point interest rate increase on August 2 and then hold rates steady until 2025 as the inflation outlook remains high and uncertain, a Reuters poll found.While annual headline inflation eased to 0.23 per cent in June, below the central ba
BENGALURU : The Bank of Thailand will deliver a final 25-basis-point interest rate increase on August 2 and then hold rates steady until 2025 as the inflation outlook remains high and uncertain, a Reuters poll found.
That compelled economists in a July 17-26 Reuters poll, who had previously said the modest policy tightening cycle of 150 basis points had ended in May, to now anticipate one more hike. "While the MPC continues to highlight risks of inflation rising as growth and tourism pick up, we think the hikes are driven by concerns around financial stability and the need to build policy space."
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