MPC Maintains Policy Rate at 0.50%, Estimating Thai GDP to Recover 3.2% in 2021

MPC Votes Unanimously to Maintain Policy Rate at 0.50 Percent, Estimating Thai GDP to Recover 3.2% in 2021 and 4.8% in 2022.

On 23 December 2020, the Monetary Policy Committee (MPC) voted unanimously to maintain the policy rate at 0.50 percent, effective immediately.

 

The MPC stated that the Thai economy continued to recover consistently as volatility remained high. In addition, the MPC estimated the Thai economy to contract 6.6%, which is better than expected, while recovering to 3.2% and 4.8% in 2021 and 2022, respectively.

 

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