InfoQuest (August 6, 2020) - At its 5th meeting in 2020, the Monetary Policy Committee (MPC) of the Bank of Thailand voted unanimously to maintain the annual interest rate at 0.50 percent, given that the gradual release from quarantine imposed for COVID-19 control brings forth the gradual recovery of Thailand's economy and global economic activities; but the return of COVID-19 shall still be noted.
The estimated inflation rate in 2020 may fall below zero before the FY2021 budget preparation process and the economic trends may cause a more instable finance.
So MPC predicts that it will take at least two years for the full recovery of economic activities.
Source: InfoQuest, by Toboreu/Rachada/Sasithorn, translated by Xinhua Silk Road
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