Bank of Thailand Expected to Hold Rates at 1.75% Despite May Deflation
Key Points
- Thailand's central bank is likely to maintain interest rates...
Thailand's central bank is playing it safe this week, with over 60% of economists betting they'll keep interest rates parked at 1.75% when they announce their decision on June 25. This cautious stance comes despite May inflation diving into negative territory at -0.57% - which in normal times would have rate-cutters reaching for their scissors faster than you can say "stimulus."
The "Let's Not Rock the Boat" Strategy
Governor Sethaput Suthiwartnarueput has been dropping hints that hitting precise inflation targets might be about as realistic as expecting your portfolio to only go up. His...
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