Thailand will release Q1 GDP data on 18 May and the Bank of Thailand (BoT) will hold a policy meeting on 20 May. The preview from Standard Chartered Bank. USD/THB trades at 32.080. Key quotes “We expect the BoT to deliver a 25bps rate cut at its 20 May policy meeting. We expect another 25bps cut in Q3, taking the policy rate to 0.25%.” “We estimate a contraction of -4.0% y/y (-4.5% q/q, seasonally adjusted), which marks a sharp reversal from 1.6% growth in Q4-2019. We forecast a GDP contraction of -5.0% for full-year 2020 on a much sharper decline (-13.0% y/y) in Q2 followed by a recovery in H2.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Heading below 1.2000 – MUFG FX Street 2 years Thailand will release Q1 GDP data on 18 May and the Bank of Thailand (BoT) will hold a policy meeting on 20 May. The preview from Standard Chartered Bank. USD/THB trades at 32.080. Key quotes “We expect the BoT to deliver a 25bps rate cut at its 20 May policy meeting. We expect another 25bps cut in Q3, taking the policy rate to 0.25%.” “We estimate a contraction of -4.0% y/y (-4.5% q/q, seasonally adjusted), which marks a sharp reversal from 1.6% growth in Q4-2019. We forecast a GDP contraction of -5.0% for full-year 2020 on a much sharper decline… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
