BAY expects BOT to hold rate at 1% for several quarters

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Bank of Ayudhya (BAY) revealed that the baht moved steadily near 32.72 baht per dollar after the Monetary Policy Committee (MPC) unanimously voted to keep the policy rate at 1.00% per year, as the market expected. It also assessed that the MPC will maintain the low rate for several more quarters to support still-weak domestic demand. The MPC noted that economic expansion is benefiting from the upcycle in technology and AI, but remains low and uneven, with the economy expected to grow 2.3% and 1.8% in 2026 and 2027, respectively. While exports and private investment expanded better than expected, private consumption was below expectations, and general inflation pressures in 2026 and 2027 are expected to be lower than previously assessed. BAY expects the MPC to hold the rate at 1.00% for several quarters ahead, as economic growth below potential and weak domestic demand will limit the pass-through of higher cost prices. The next MPC meeting is scheduled for October 28, 2026.

Impact on assets 4

Financials▲ · 1 stocks
Bank of Ayudhya PCL
BAY
± MixedMonetaryrelevance

BAY expects BOT to hold rate at 1% for several quarters, supporting its outlook but no direct impact on bank's earnings.

Others▼ · 2 stocks
Others▲ · 1 stocks
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