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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