BANGKOK - Thailand’s central bank is widely expected to leave its key interest rate unchanged at a record low after three cuts this year to help cushion the economic impact of the coronavirus pandemic, a Reuters poll showed.
In the poll, 16 of 18 economists predicted the Bank of Thailand’s Monetary Policy Committee would hold its one-day repurchase rate THCBIR=ECI at 0.50% for a second straight meeting. “There are fixes needed with previous measures that have been rolled out, such as the drawdown in soft loans,” said Kobsidthi Silpachai, head of capital market research at Kasikornbank. “It is the distribution of low rates that need to be addressed”.
The BOT has forecast Southeast Asia’s second-largest economy will shrink by a record 8.1% this year but recently said there had been some improvement after the lockdown was eased.
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