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Analysts at TD Securities suggest that the Bank of Thailand is likely to keep policy unchanged at 1.75%.

Key Quotes

“BoT is in data-monitoring mode and appears to be in no rush to change policy from its accommodative setting. BoT will also want to see which way fiscal policy is driven under a new government before making any changes.”

“In any case, external risks “” in addition to slowing domestic growth and low inflation “” have taken off the table prospects for rate hikes.”