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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI Bank Of Thailand Preview: May 2023: 25bp Hike, Statement Tone Key
EXECUTIVE SUMMARY:
- The Bank of Thailand (BoT) is widely expected to hike another 25bp bringing rates to 2% at its May 31 meeting. BoT’s Sethaput has made clear since the March meeting that policy still needs to be normalised. Two analysts surveyed by Bloomberg expect rates to be unchanged though.
- The question is what the outlook for rates will be with many economists forecasting that they will stay at 2% for the rest of the year and into 2024. Any changes to the accompanying statement following the decision will be important for gauging if further tightening is in the pipeline.
- Both core and headline inflation are now within the central bank’s 1% to 3% target band and eased further in April. But BoT’s Sethaput continued to note in May that the central bank is not yet done on inflation and upside risks remain.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.