Analysts at TD Securities are expecting the Bank of Thailand to stay on hold at this meeting, after it hiked its benchmark policy rate by 25bps to 1.75% in December 18.
Key Quotes
“The main rationale for the hike was financial stability concerns even as growth forecasts were cut. However, minutes from the meeting revealed that further policy hikes will be gradual and that accommodative policy would remain “appropriate”.”
“Inflation remains subdued, below the lower end of the BoT’s 1-4% target, while the THB has continued to strengthen, suggesting that BoT will be in no rush to tighten again.”
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