In the view of the analysts at ING Bank, the Bank of Thailand will use firmer growth as an argument for leaving policy on hold in the rest of 2019 and throughout 2020″. Key Quotes: “Thailand’s economy expanded 2.4% year-on-year in 3Q19, a slightly better rate than 2.3% in 2Q. It was still short of the 2.7% median expectation in the Bloomberg survey. 0.1% quarter-on-quarter (seasonally adjusted) growth moderated from 0.4% in the previous quarter, which was the slowest pace in the last four quarters. We remain sceptical about further BoT easing from Asia’s arguably most hawkish central bank. The latest cut has pushed the policy rate to its lowest level ever, 1.25%. We anticipate that there will be stiff resistance from policymakers to nudge it further, and these latest GDP data may be put forward as one reason for them to leave rates unchanged.” 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 Litecoin price analysis: LTC/USD recovery stalls under $60, fails to avert the downtrend FX Street 3 years In the view of the analysts at ING Bank, the Bank of Thailand will use firmer growth as an argument for leaving policy on hold in the rest of 2019 and throughout 2020". Key Quotes: "Thailand's economy expanded 2.4% year-on-year in 3Q19, a slightly better rate than 2.3% in 2Q. It was still short of the 2.7% median expectation in the Bloomberg survey. 0.1% quarter-on-quarter (seasonally adjusted) growth moderated from 0.4% in the previous quarter, which was the slowest pace in the last four quarters. We remain sceptical about further BoT easing from Asia's arguably most hawkish central bank. The… 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.
