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AI In-brief 16 Sept 02:51

Central bank’s monetary policy committee maintains policy rate at 1.5%

The Bank of Thailand's Monetary Policy Committee (MPC) voted 5:2 to maintain the policy rate at 1.5%, with two members dissenting for a 0.25% cut.
Most committee members prioritized the timing and effectiveness of monetary policy, noting ongoing transmission of previous rate cuts and limited policy space to support economic recovery.
Despite declines in banking system interest rates, overall credit growth remains contracted due to weakened demand from corporates and cautious lending to high-risk borrowers.
The Thai economy is projected to expand in 2025-2026, with tourism and domestic demand expected to recover gradually, while headline inflation is forecast to be lower.

AI In-brief Yesterday 15:22

**Accelerates OECD Bid: ** Thailand's PM Anutin Charnvirakul sets an ambitious 2028 target for the country to join the Organisation for Economic Co-operation and Development (OECD).
**Prioritizes Reforms: ** The government designates OECD membership as a top priority, aiming to align public administration with international standards and boost national competitiveness and investor confidence.
**Gains International Confidence: ** OECD Secretary-General Mathias Cormann expressed strong confidence in Thailand's readiness and commitment to reforms, praising the country as a "model country."
**Drives Agency Action: ** PM Anutin instructs key agencies to expedite the accession process, emphasizing a "do it today, finish it yesterday" mindset to maintain momentum.

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