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Thailand Likely to Hold Rates, Cut GDP Outlook: Decision Guide

  • All economists surveyed expect ninth straight hold decision
  • Bank may cut GDP forecast despite tourism reopening on horizon

The Bank of Thailand is expected to keep its benchmark interest rate unchanged at a record low to accommodate a fragile economic recovery, while cutting its growth forecast to factor in the country’s biggest wave of Covid cases yet.

All 25 economists surveyed by Bloomberg expect the central bank to keep the policy rate at 0.5% for a ninth straight meeting Wednesday. The Monetary Policy Committee will also release its new economic forecasts for this year and next.