Free Trial

MNI BoT Preview - August 2021: BoT To Stay Put, Keep Working On Targeted Measures

EXECUTIVE SUMMARY

  • The upsurge in Covid-19 infections continues, resulting in tighter lockdown measures and weighing on growth outlooks. The BoT's economic forecasts published in June may already be outdated, as raging Delta variant undermines plans to restart tourism.
  • Inflation environment is benign, with headline CPI back in the target range after a temporary spike, which followed prolonged period of below-target price growth.
  • The MPC are nonetheless expected to leave benchmark policy rate unchanged at the record low of 0.5% after voicing their preference for more targeted measures, including special loan facility and debt restructuring.

Click to view the full preview: MNI BoT Preview August 2021.pdf

To read the full story

Close

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.