BENGALURU : The Bank of Thailand (BOT) is expected to raise its key interest rate by 25 basis points (bps) on Wednesday and then hold it at that level for the rest of this year and the next, marking an end to a modest tightening cycle, a Reuters poll found.Unlike most economies in Southeast Asia, inflatio
BENGALURU : The Bank of Thailand is expected to raise its key interest rate by 25 basis points on Wednesday and then hold it at that level for the rest of this year and the next, marking an end to a modest tightening cycle, a Reuters poll found.
A strong majority of economists polled, 17 of 22, expected the BOT to raise its benchmark one-day repurchase rate by 25 bps to 2.00 per cent at its May 31 meeting. The remaining five forecast no change. "Considerable demand-side price pressures may emerge which can pose an upside risk to Thailand's inflation outlook. At the centre of this is the expectation that Thailand will exhibit punchy growth figures in the remaining quarters of 2023."
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