Thailand: BoT seen on hold this week – UOB

Economist at UOB Group Lee Sue Ann suggests the Bank of Thailand would leave the policy rate unchanged at its meeting on Wednesday.

Key Quotes

“While we keep to our call for BOT to leave its benchmark rate unchanged at 0.50% for the whole of 2021, the absence of uniformity amongst policy members (given 2 dissenters who voted for a rate cut) suggests that BOT a rate cut cannot be entirely ruled out, should macroeconomic fundamentals worsen into 2H21.”