Thailand: BoT expected to keep rates unchanged this week – UOB

The Bank of Thailand is expected to keep the policy rate at 0.50% at its meeting on Wednesday, noted Economist at UOB Group Lee Sue Ann.

Key Quotes

“We expect BOT to inject a 25bps rate hike this year, possibly as early as 3Q22, in response to higher inflation risks and the faster-than-anticipated FOMC rate hike for the year ahead.”

“Notwithstanding the projected 25bps hike later this year, we continue to view the monetary policy stance of BOT to be accommodative, especially against the backdrop of potentially higher global interest rates.”