The Central Bank of Thailand is expected to stand pat at the next meeting

Kinih data January 7 news, the Malaysian Industrial and Commercial Bank acting group chief economist and market research director Barnabas Gan said that at the next meeting scheduled for February, the Thailand Central Bank may keep the policy Intrerest Rate unchanged at 2.25%. Gan said in a report that the overall inflation rate in December rose by 1.23% year-on-year, within the Central Bank’s target of 1%-3%. He said that the continued return of inflation to the target range may increase people’s hope for the improvement of the economy and ease the pressure on the Central Bank to drop the policy Intrerest Rate at the upcoming meeting. The bank maintains the basic expectation of two interest rate cuts this year. Gan added that the uncertainty brought about by the protectionist policies of US President-elect Trump may also pave the way for the Central Bank to further relax monetary policy.