The Bank of Thailand (BoT), in a surprise move earlier today, lifted its policy rate by 25bp to 2.0%. Domestic demand is well placed to lift GDP growth during the course of 2011, which means that fighting inflation and ensuring that asset bubbles do not develop are the top priorities. We expect that rates will rise a further 75bp over the next 12 months and that the next move will come in January.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services