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Bank of Thailand Keeps Rates Unchanged, As Expected

THAILAND
  • Bank of Thailand keep monetary policy unchanged, with rates at 0.50%, alongside expectations.
  • In the accompanying statement, the bank raise their 2022 inflation estimate to 6.2% from 4.9% previously.
  • The vote was not unanimous, with the board voting 4-3 to keep rates unchanged.
  • USD/THB slips slightly in response, dropping back below the 34.50 level.

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