Policymakers also caution that exports could play smaller role in the longer term
PUBLISHED : 2 Jan 2025 at 11: 49
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(Photo: Bloomberg)
Uncertainty about the Thai economy has increased significantly, primarily due to the unclear impact of possible US economic policies, minutes of the most recent Bank of Thailand policy meeting showed on Thursday.
Policymakers also expressed concern that the role of exports as a key driver of the Thai economy is likely to diminish over the longer term.
At the meeting on Dec 18, the central bank’s Monetary Policy Committee (MPC) voted unanimously to leave the one-day repurchase rate unchanged at 2.25%, after a surprise cut at the previous review in October.
The decision had been widely expected, despite continuous lobbying by the Pheu Thai-led government for lower rates to stimulate the econom
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