- Analytics
- News and Tools
- Market News
- BoT kept the policy rate unchanged – UOB
BoT kept the policy rate unchanged – UOB
Economist at UOB Group Barnabas Gan reviews the latest interest rate decision by the Bank of Thailand (BoT).
Key Takeaways
“The Bank of Thailand (BOT) held its policy rate steady at 0.50% for its 15th consecutive meeting on 30 Mar 2022. The last time it made a move was in May 2020, when the benchmark rate was cut by 25 bps.”
“Given the immediate growth headwinds and higher domestic prices, policymakers downgraded its 2022 GDP growth outlook to 3.2% (from a previous 3.4%), while expecting inflation to surge to 4.9% (up from 1.7%) this year.”
“We expect BOT to inject a token 25 basis point rate hike in 2022, possibly as early as 3Q22, in response to higher inflation risk and the faster-than-anticipated FOMC rate hike for the year ahead. Notwithstanding the projected 25bps hike later this year, we continue to view the monetary policy stance of BOT to be accommodative, especially against the backdrop of potentially higher global interest rates.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
