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MNI BoT Preview - September 2021: BoT Likely To Stand Pat After Last Month’s Split Decision

EXECUTIVE SUMMARY

  • The recent round of economic data released out of Thailand was underwhelming, while the previous MPC meeting saw two dissenting dovish votes in favour of a 25bp rate cut.
  • However, the current wave of Covid-19 infections is seemingly past its peak, while officials have just announced their decision to further ease restrictions across the country.
  • In addition, the government raised the official limit on debt-to-GDP ratio and signalled willingness to play an active role in stimulating economic recovery.

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