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30 Apr 2025

Financial Institutions

At its April 30 meeting, the MPC voted 5-2 to cut its policy interest rate to 1.75% as projected (Business Brief No.4150 Full Ed.)

คะแนนเฉลี่ย
  • At its April 30, 2025, meeting, the Monetary Policy Committee (MPC) voted 5-2 to cut its policy interest rate by 0.25 percent to 1.75 percent as previously projected. Additionally, the MPC lowered its 2025 GDP growth forecast for Thailand to a range of 1.3-2.0 percent, depending on the severity of the renewed trade war and US import tariff hikes.
  • KResearch expects the MPC to implement at least one more policy rate cut in 2H25 in line with Thailand’s anticipated significant economic slowdown. The key meeting will be in August after the US reciprocal tariff suspension expires on July 9.
  • However, the MPC may carefully strategize any further rate cuts to maximize their effectiveness, given its limited policy space.

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Financial Institutions