BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
German Industry Employment Falls to Lowest Level in a Decade 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
The Thailand economy is fighting its way out of poor growth and crippling economic structure. Barring fiscal spending and support from the tourism industry, there remains absolutely nothing that can provide a silver lining to the Thai economy.
While the Bank of Thailand (BOT) has already lowered its 2016 GDP growth forecast to 3.1% from 3.5% previously, further lowering cannot be completely ruled out. In addition, private investment remained subdued despite the BOT adopting an accommodative policy stance. Private investment growth has averaged -1.5% in the past three years.
While the Central Bank is unlikely to act in the wake of a weak baht, it is most likely to step up efforts to favour export competitiveness; much remains to be seen in today’s policy statement. However, the pressure on the BoT seems to have decreased to ease its monetary policy. Meanwhile, the current 1.5- pct policy rate is already near its all-time low.
