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Markets Split on BoT Decision

THAILAND
  • Bank of Thailand decision due in 45 minutes time, with analysts finely split between a hike or a hold at this meeting.
  • The hold case rests with the recent evolution of data and the last BoT minutes, and commentary from Sethaput, who stated that rates are now close to “neutral”.
  • However, BoT also said it is worried about the inflationary impact of the new government’s stimulatory policies, which it is monitoring closely. A minimum wage announcement is scheduled for November and the THB 10k per adult digital wallet will go ahead.
  • Full MNI Preview including summary of sell-side views here: https://roar-assets-auto.rbl.ms/files/55918/BoT%20...

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