MPC Maintains Policy Rate at 0.50% as New Covid Waves Delay Economic Recovery
The Monetary Policy Committee unanimously voted to retain the policy rate at 0.50%, as Thailand's economic recovery from the third wave of the Covid-19 pandemic being slower than expected.
The Monetary Policy Committee (MPC) unanimously voted on Wednesday (June 23) to retain the policy rate at 0.50%, as Thailand’s economic recovery from the third wave of the Covid-19 pandemic being slower than expected. While another pandemic wave is uncertain in the foreseeable future. Therefore, government relief measures may benefit the economy further than interest rate reductions.