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Emerging Asia Economics Update

Emerging Asia Economics Update

Thai rates will still probably move up by mid-year

The Bank of Thailand (BoT) left its policy rate unchanged at 1.25% today, as was universally expected. The economy warrants higher rates but the political situation needs to calm first. We are not as confident as we were but still anticipate that the BoT will start to tighten at their next meeting in June.

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