Thai central bank holds key rate at 2.25%

Unchanged key economic data, risks signal no need to cut rate

20241217 thai banknote

The Bank of Thailand is expecting an average headline inflation at 0.4% in 2024 and 1.1% in 2025 as global oil prices were expected to remain at relatively low levels. © Reuters

APORNRATH PHOONPOHNGPHIPHAT, Nikkei staff writer

BANGKOK -- The Bank of Thailand (BoT) kept its key interest rate unchanged at 2.25% in the last meeting of 2024 on Wednesday as the economy showed signs of maintaining momentum in the last quarter of the year supported by hefty tourism and exports.

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