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MNI BoT Preview - December 2021: Stimulus Still Needed On Rocky Road To Recovery

EXECUTIVE SUMMARY

  • The BoT’s Monetary Policy Committee will almost certainly sit on their hands this week, as headline inflation remains comfortably within the target range, allowing policymakers to focus on growth and financial stability.
  • The difficulties faced by the vital tourism sector create a drag on Thailand’s overall economic recovery, calling for the continued provision of monetary stimulus.
  • Given the highly uncertain prospects for recovery in tourism receipts, we think that the Monetary Policy Committee are unlikely to raise their key interest rate anytime soon.

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

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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