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Bank Of Thailand Sees New Wave Of Virus As Main Contributor Of Volatilities

THAILAND

The BoT have released the minutes from their monetary policy meeting held on Jun 23, noting that "the new wave of domestic outbreak would be the main contributor of volatilities in the Thai financial markets in the period ahead."

  • The MPC said that "the Thai economy would expand by 1.8 and 3.9 percent in 2021 and 2022 respectively, down from the March projection," while "headline inflation would temporarily increase in the second quarter of 2021."
  • "The Committee voted to maintain the policy rate at this meeting," "would stand ready to use the limited policy space at the most effective timing," and "would continue to monitor developments in foreign exchange markets and capital flows."
  • Click to open the full edited minutes from the BoT's latest monetary policy meeting.
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