Thailand: BoT unlikely to change its policy - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are expecting no change in policy from the Bank of Thailand after it kept policy unchanged at 1.75% at its 8 May meeting and hiking in December 2018 for the first time in more than 7 years.

Key Quotes

“Inflation is likely to be near the lower end of its target range over the coming months but BoT is unlikely to quickly follow other central banks in the region by cutting rates, given the high level of household and corporate indebtedness. We think prospects of easing will grow in the months ahead, however.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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