Thai central bank to hold rates until Q2 2025, political turmoil risks early cut - Reuters poll
BENGALURU - The Bank of Thailand will keep interest rates unchanged on Wednesday and through Q1 2025 to balance growth with inflation control while assessing the impact of ongoing political instability on the economy, a Reuters poll found.
Thailand's parliament elected Paetongtarn Shinawatra as its youngest prime minister on Friday, daughter of divisive political heavyweight Thaksin Shinawatra. Still, a weak Thai baht, which is down about 2% against the U.S. dollar so far this year, suggests any move before the U.S. Federal Reserve's expected policy easing in September will likely be inflationary.
A much smaller sample of economists who provided forecasts until end 2025 expected rates to decrease by 50 basis points to 2.00%.
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