Thai exports in second half of 2025 expected to contract sharply over tariffs, central bank minutes show
At the meeting, the BOT's monetary policy committee voted 6 to 1 to keep the one-day repurchase rate unchanged at 1.75 per cent, after back-to-back cuts in February and April.
Thai economic growth and financial conditions were held back by several factors and monetary policy alone had limited efficacy in addressing those issues, the minutes said.
"Targeted measures in conjunction with business adaptation were deemed necessary," it said.
At the review, the stronger-than-expected start to the year saw the BOT lift its central-case economic growth forecast to 2.3 per cent for 2025, almost matching last year's 2.5 per cent and more optimistic than some market analysts.
The next rate review is on August 13.
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