Event – The Bank of Thailand (BoT) unexpectedly cut its policy rate again by 25bps to 1.50% at today’s meeting. We had expected it to keep the rate on hold. The Monetary Policy Committee (MPC) voted 5-2 to cut the rate, aiming to boost the economy a...
Falling global oil prices should boost growth, lower inflation, and lead to a current account surplus
• However, we cut our 2015 GDP growth forecast to 5.1% to reflect delayed execution of public investment
• We now expect the BoT to stay on hold ...
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