SCB EIC expects the MPC to cut policy rate 2 times this year starting at the June Meeting
The majority of the MPC voted to maintain the policy rate at 2.50%, citing the need to safeguard macro-financial stability despite concerns about household debt. Two members wanted to cut the rate by 0.25% to address lower growth and debt burdens. The MPC projects increased economic growth and inflation in the coming years, noting ongoing challenges and uncertainties.
How would Thailand ‘s agricultural sector navigate through the erratic rainfall?
Thailand has faced droughts and floods, impacting agriculture and the economy. SCB EIC predicts losses of THB 50,000 million due to extreme weather events in 2023. To enhance water security, 2 approaches and 3 mechanisms are suggested, focusing on improving water supply and use efficiency. Collaboration among stakeholders is crucial for success.
