Tuesday, March 5, 2024

SCB EIC forecasts that BoT will keep the policy rate unchanged at 2.5% throughout the upcoming year

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The SCB EIC forecasts that the growth in 2024 and 2025 will be more balanced due to support from domestic demand, the tourism sector, and a recovery in merchandise exports. Inflation is also expected to increase next year alongside the economic recovery and supply pressures related to El Niño. The article also states that the Bank of Thailand (BoT) is predicted to maintain the policy rate at 2.5% throughout the upcoming year.

The forecast for balanced growth in 2024 and 2025 is attributed to support from domestic demand, the tourism sector, and a recovery in merchandise exports. Inflation is also expected to increase next year in line with the economic recovery and supply pressures related to El Niño. Additionally, the SCB EIC predicts that the BoT will keep the policy rate unchanged at 2.5% throughout the upcoming year.

Source link : SCB EIC forecasts that BoT will keep the policy rate unchanged at 2.5% throughout the upcoming year

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