MPC Maintains Interest Rate at 1.75%, Expecting Imports +4.8% and Exports +4.3% in 2020!
MPC has announced its resolution to maintains monetary policy at 1.75%, expecting imports to grow 4.8% and exports to expand 4.3% in 2020.
On June 26, 2019, the Monetary Policy Committee (MPC) has voted unanimously to maintain the monetary policy at 1.75% and lower Thailand’s GDP in 2019 from 3.8% to 3.3%, and the GDP in 2020 from 3.9% to 3.7%.
An import forecast has been lowered from 3.1% to -0.3%, but expected to grow 4.8% in 2020. As for Thai exports, MPC has adjusted the forecast from 3.0% to 0%, but expected to expand 4.3% in 2020.