ANZ analysts note that the Bank of Thailand (BoT) kept its policy rate unchanged at 1.75% in a unanimous decision, but lowered its growth forecasts for both 2019 and 2020.
“While the BoT acknowledged worries about growth and currency strength, it reiterated that financial stability risks remain a concern.”
“Our baseline scenario is for the BoT to keep its policy rate on hold through 2019, but heightened growth uncertainties mean the balance of risks is tilted towards a cut.”
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