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Bank of Thailand likely to keep key interest rate unchanged at 1.5 pct in May

Thai central bank, the Bank of Thailand, is set to have its policy meeting next week. According to a Scotiabank research report, the BoT is expected to maintain its key interest rate at 1.5 percent. Inflation in the nation is currently at 0.4 percent year-on-year and much below the bottom of the central bank’s inflation target of 2.5 percent, plus or minus 1.5 percent. Thus, the policy risk going forward is evidently more tilted toward easing than hiking.

That policy risk continues to be mainly driven by evens outside of the country, including the outlook of U.S. Fed and the effect on the currency. The Thai baht, since the beginning of 2017, has strengthened against the U.S. dollar by around 4 percent and has been trading around its most robust levels since mid-2015.

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May 26 14:30 UTC Released

USECRI Weekly Annualized*

Actual

5.1 %

Forecast

Previous

5.0 %

May 26 14:30 UTC Released

USECRI Weekly Index*

Actual

144.1 %

Forecast

Previous

144.5 %

May 28 15:00 UTC 20872087m

SAM3 Money Supply YY*

Actual

Forecast

Previous

0.0 %

May 28 15:00 UTC 20872087m

SAPvt Sector Loans YY*

Actual

Forecast

Previous

-0.1 %

May 29 08:00 UTC 31073107m

EZLoans to Households*

Actual

Forecast

Previous

2.4 %

May 29 08:00 UTC 31073107m

EZLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

May 29 08:00 UTC 31073107m

EZMoney-M3 Annual Grwth*

Actual

Forecast

5.2 %

Previous

5.3 %

May 29 23:30 UTC 40374037m

JPAll Household Spending MM*

Actual

Forecast

1.1 %

Previous

-2 %

May 29 23:30 UTC 40374037m

JPAll Household Spding YY*

Actual

Forecast

-0.7 %

Previous

-1.3 %

May 29 23:30 UTC 40374037m

JPJobs/Applicants Ratio

Actual

Forecast

1.46 %

Previous

1.45 %

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