Thailand: BoT to hold at 1.5% - TDS

Analysts at TD Securities expect the BoT to hold at 1.5% in line with consensus as the policy has been unchanged for over three years and they see little reason to alter policy settings at this meeting.

Key Quotes

“At the last meeting BoT upgraded its 2018 growth and inflation forecasts higher to 4.4% and 1.1%, respectively. We think it’s unlikely that they revise forecasts again. Thailand has been less exposed to external uncertainties than its peers and its currency has weakened less than most. Inflation remains largely contained and there appear to be little in terms of emerging price pressures.”