The Bank of Thailand voted six to one to keep the interest rate at 1.5 percent on August 8th, given the “”current monetary policy stance continued to support growth while inflation remained within the 1-4 percent target.
Good news for buyers, investors and real estate companies, as a stable rate encourages investment and financing availability. Global economic growth alongside a booming tourism and exports industry in Thailand encouraged growth of the Thai economy, as consumption and purchasing power increased as well.
Business and consumer loan growth was helped by the financial conditions and the low real interest rates. They also warned of the oversupply of some condos in the Bangkok market, but the industry remains positive on the news of the outlook.