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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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2017-09-22 21:05:48
0m

September 22 14:30 UTC Released

USECRI Weekly Annualized*

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0.0 %

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0.3 %

September 22 14:30 UTC Released

USECRI Weekly Index*

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143.4 %

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143.3 %

September 25 00:30 UTC 25632563m

JPNikkei Mfg PMI

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52.2 bln $

September 25 08:00 UTC 30133013m

DEIfo Business Climate*

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116.0 %

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115.9 %

September 25 08:00 UTC 30133013m

DEIfo Current Conditions*

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124.8 %

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124.6 %

September 25 08:00 UTC 30133013m

DEIfo Expectations*

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107.9 %

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107.9 %

September 25 11:30 UTC 32233223m

TRCapacity Utilisation*

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78.8 %

September 25 11:30 UTC 32233223m

TRManufacturing Confidence*

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110.7 %

September 25 12:30 UTC 32833283m

USNational Activity Index*

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-0.01 %

September 25 13:00 UTC 33133313m

MXIGAE Econ Activity YY

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2.4 %

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