Emerging Asia Economics Update
Thailand’s strong growth to bring more policy tightening
Today’s Q1 GDP data for Thailand show that the economy grew at a faster q/q pace at the start of this year, as expected. Growth in the coming quarters should be supported by strengthening domestic demand and exports to the rest of Asia. The upshot is that we still expect the Bank of Thailand (BoT) to hike its repo rate by 25bp to 3.0% next week, followed by more tightening this year.
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