Thailand: An extra rate hike is expected in March – UOB – by pabspiovano Thailand CentralBanks Banks InterestRate
Economist at UOB Group Enrico Tanuwidjaja assesses the lates interest rate decision by the Bank of Thailand .“The Bank of Thailand voted unanimously to raise the policy rate by 25bps to 1.50%. This is its fourth hike in the current cycle and the first for 2023.”
“Based on today’s MPC decision, we keep our view for one final 25bps rate hike in Mar to 1.75% and for BoT to hold at that level for the remainder of this year to anchor inflation expectations and arrest possible runaway inflation risks without undermining growth recovery trajectory.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Canada hikes rates, becomes first major central bank to signal pauseThe Bank of Canada on Wednesday hiked its key interest rate to 4.5%, the highest level in 15 years, and became the first major central bank fighting global inflation to say it would likely hold off on further increases for now.
Read more »
Exonerated Deutsche Bank trader accuses bank of 'malicious prosecution'A former Deutsche Bank AG trader whose conviction for rigging the Libor rate benchmark was overturned has begun a $30 million legal action in New York accusing the German bank of malicious prosecution for making him a scapegoat.
Read more »
EUR/USD expects a gradual advance to 1.1000 – UOBUOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note EUR/USD could have embarked on a gradual move to the 1.1000 area. Key Quo
Read more »
GBP/USD faces a tough hurdle at 1.2500 – UOBFurther upside could motivate GBP/USD to challenge the key barrier at 1.2500 in the short term suggest UOB Group’s Economist Lee Sue Ann and Markets S
Read more »
NZD/USD is now seen within 0.6400-0.6535 in the next weeks – UOBIn the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, NZD/USD is expected to navigate between 0.6400 and 0.6535 r
Read more »
USD/JPY: Room for further range bound in the near term – UOBFurther consolidation in USD/JPY, likely within the 128.00-130.80 range now appears likely in the near term, according to UOB Group’s Economist Lee Su
Read more »