Bank of Thailand likely to stand pat in December – DBS Bank

The Thai central bank is set to meet this week for its monetary policy decision. According to a DBS Bank research report, the Bank of Thailand is likely to keep its key rates on hold at 1.50 percent. The headline economic growth of Thailand is expected to have outperformed in 2017. Meanwhile, domestic demand continues to be slightly sluggish.

Thai core inflation is currently lower than 1 percent, indicating that demand-pull inflationary pressures are still subdued. The Bank of Thailand is expected to begin raising rates again only in 2019, stated DBS Bank. In the meantime, the November export growth is likely to have eased to 6.4 percent year-on-year, following six straight months of double-digit growth.

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