Bank of Thailand seen on hold in March – UOB bank

Researchers at UOB Group assessed the recent decision by the BoT to leave its monetary policy conditions unchanged.

Key Quotes

“The Bank of Thailand (BoT) kept the policy rate on hold at 1.5% on 14 February 2018”

“The economy is expected to expand further on the back of merchandise exports, tourism and public expenditure”.

“Meanwhile, headline inflation is expected to gradually pick up given the recovery in domestic demand”.

“We expect that the central bank will leave the policy rate unchanged at the next MPC meeting scheduled on 28 March 2018”.