Thailand's central bank is expected to keep its benchmark policy rate stead...
BANGKOK - Thailand’s central bank is expected to keep its benchmark policy rate steady on Wednesday for a fourth straight meeting, a Reuters poll showed, despite slowing growth and the way many Asian central banks have shifted toward easing policy.
The MPC raised the policy rate in December for the first time since 2011, by 25 basis points, but has since held it steady, saying policy will depend on economic data.. “The tone should continue to be more dovish on the growth outlook... but we do not expect the BOT to cut the policy rate in 2019, owing to its concerns about financial stability” and limited room to cut, he said.
The central bank will be hoping that the new government does “more of the heavy lifting” with measures to try to stimulate growth, said Kobsidthi Silpachai, head of capital markets research of Kasikornbank, which expects no BOT policy change this year.
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