Bank of Thailand likely to keep interest rates unchanged in March

The Thai central bank is set to meet tomorrow for its monetary policy meeting. According to a DBS Bank research report, the Bank of Thailand is likely to keep rates unchanged. This pause will show the policymakers’ cautious economic assessment in the face of decelerating inflation and easing growth.

The previous meeting’s minute’s review had underlined their bias to keep a hawkish bias, but the path continues to be data-dependent. The urgency to tighten policy in March, has also ebbed given a more cautious U.S. Fed and outperformance of the Thai Baht; regional outperformer at 2.8 percent gains versus USD, said DBS Bank.