Despite above-target inflation, we expect the Bank of Thailand to leave interest rates unchanged, not only at its meeting on Wednesday, but throughout 2022, as it prioritises supporting the economic recovery.
Meanwhile, inflation is becoming a growing concern in Korea, amid further signs that underlying price pressures are starting to build. We expect more tightening by the Bank of Korea over the coming months.
India Drop-In (8th June, 10:00 ET/15:00 BST): We’ll be discussing India’s growth, inflation and policy outlook in the wake of the RBI’s June meeting, including what to do about the rupee. Register now.
We are sending this Weekly one day earlier than usual because Capital Economics’ London office is closed on 2nd-3rd June for the Queen’s Platinum Jubilee celebrations.
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