BENGALURU : The Bank of Thailand is set to implement its fifth consecutive 25-basis-point interest rate hike on Wednesday in an attempt to get inflation back within target, but is then likely to hold its policy rate steady until at least next year, a Reuters poll found.
A large majority - 18 of 22 economists polled by Reuters - expected the BOT to raise its benchmark one-day repurchase rate by 25 basis points to 1.75 per cent at its March 29 meeting. The remaining four forecast no change. The BOT has so far raised rates by a total of 100 basis points since August, a less aggressive pace than many of its regional peers, as Thailand's economic recovery has lagged much of Southeast Asia.
Source: Loan Digest (loandigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thai PM Prayuth to run for re-electionBANGKOK - Thailand's Prime Minister Prayuth Chan-ocha was officially nominated for re-election on Saturday (March 25) as his party's first candidate for the country's next leader in polls set for May 14. Prayuth, 69, is running with the new United Thai Nation Party, and will likely face Pheu Thai party's Paetongtarn Shinawatra, daughter and niece of two former premiers from...
Source: asiaonecom - 🏆 10. / 59 Read more »
Thai PM Prayut to run for re-election in MayThailand is set to hold its general election on May 14. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Thai PM Prayut to run for re-election in MayBANGKOK: Thailand's Prime Minister Prayut Chan-o-cha was officially nominated for re-election on Saturday (Mar 25) as his party's first candidate for the country's next leader in polls set for May 14. G No like power, na kha ? Autocrats Corrupt as ever.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Thai opposition Move Forward sticks to election campaign bid to amend law on insulting monarchyThe decision could leave it out of a coalition government Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Thai central bank to hike another 25 bps on March 29 to make up for lost timeBENGALURU : The Bank of Thailand is set to implement its fifth consecutive 25-basis-point interest rate hike on Wednesday in an attempt to get inflation back within target, but is then likely to hold its policy rate steady until at least next year, a Reuters poll found.Although inflation in Thailand dropp That would be unwise.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Morning Briefing: Top stories from The Straits Times on March 25You are reading the Morning Briefing newsletter. Get the news that prepares you for the day ahead, delivered to your inbox. Subscribe to our newsletter. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »