Thailand: BoT expected to keep rates on hold – UOB

Lee Sue Ann, Economist at UOB Group, believes the Bank of Thailand (BoT) would leave the reference rate unchanged at its week on Wednesday.

Key Quotes

“We keep our call for BoT to leave its benchmark rate unchanged at 0.50% for the whole of 2021.”

“That said, Thailand’s economic growth is likely to be uneven, amid pronounced downside risks should COVID-19 worsens.”

“Also, should macroeconomic fundamentals stay unexpectedly subdued into 2H21, a 25bps rate cut could materialize then.”