Bank of Thailand Cuts Policy Rate to 2%

BANGKOK, Feb 26 (TNA) – The Monetary Policy Committee (MPC) of the Bank of Thailand voted 6-1 to reduce the policy interest rate by 0.25 percentage points, from 2.25% to 2.00% per annum, effective immediately.

The decision was announced following the MPC’s meeting today. The majority of the committee members determined that the Thai economy is projected to grow at a slower pace than previously assessed.

The rate cut aims to align monetary conditions with the economic outlook, inflation targets, and financial system stability, while also addressing heightened downside risks.

One committee member disagreed, advocating for maintaining the policy rate. This member placed greater emphasis on preserving monetary policy space to address increased uncertainties in the future. -819 (TNA)