Treasury rejects MPC signaling policy rate hike

Finance Minister Arkhom Termpittayapaisith stated that the Monetary Policy Committee (MPC) kept the policy rate at 0.5% as the MPC still has concerns about the recovery of the Thai economy. . Assessed from external factors and foreign situations as well Because if the policy interest rate is too different, it can affect the capital outflow. At the same time, we also have to look at the recovery of the Thai economy.

While the MPC’s decision is not unanimous 4:3 to maintain the policy rate at 0.5% will signal whether or not Thailand’s policy interest rate will be raised faster? because they still have to continuously assess the situation of the Thai economy to see if the economy is really recovering or not which now the tourism sector is getting better accordingly Exports continued to expand well, but imports were affected by the weak baht and rising oil prices.

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