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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.
