FW: RHB | Thailand | BoT Keeps Policy Rate At 1.5% As Economy Improved

 

 

 

 

 

Economic Research			9 November 2017
Thailand
Economic Update
BoT Keeps Policy Rate At 1.5% As Economy Improved   The Bank of Thailand (BoT) Monetary Policy Committee (MPC) continued to keep its benchmark lending rate (1-day bilateral repurchase rate) unchanged at 1.5%, after seeing some improvement in domestic demand. We concur with the MPC’s decision to stand pat on the key policy rate. We note that the committee has included debt serviceability of households as a key risk in its latest meeting. However, the Government already has plans to address this issue with farm subsidies for the November-February harvesting season and further tweaks to its welfare card programme. Despite elevated THB strength, exports have been strong. Indeed, the stable currency is beneficial in attracting foreign direct investment (FDI) into the Kingdom’s manufacturing and infrastructure upgrading push.   Economist:  Ng Kee Chou  | +603 9280 2179
To access our recent reports please click on the links below:   2 November: CPI To Pick Up Following Stronger Economic Growth 1 November: Foreign Operations Offset Domestic Easing 1 November: MPI Unchanged Despite Auto Slowdown 4 October : September CPI Surged, But Core CPI Remained Flat 2 October : MPI Gained Momentum In August, Led By Automotive
Economic Team
Peck Boon Soon	Chief ASEAN Economics	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo	Malaysia, Vietnam	vincent.loo@rhbgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

                                                                                                                                    

 

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