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Emerging Asia Economics Update

Emerging Asia Economics Update

Thailand’s central bank to focus on fiscal developments

The Bank of Thailand (BoT) raised its repo rate by 25bp to 3.25% today, as expected. Fiscal policy is likely to be looser under the incoming government than the outgoing administration. The upshot is that we expect more monetary tightening this year. We have pencilled in another 25bp hike in August.

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This article is tagged with the following subjects: Emerging Asia and Australasia, Macro-economics, Monetary policy, Thailand
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