Thailand: BoT to leave rates unchanged in September – UOB

Lee Sue Ann, Economist at UOB Group, suggests the BoT would leave its policy rate intact at next week’s meeting.

Key Quotes

“While we keep our call for BoT to leave its benchmark rate unchanged at 0.50% for the whole of 2021, the absence of uniformity amongst policy members (given 2 dissenters who voted for a rate cut) suggests that a rate cut cannot be entirely ruled out, should macroeconomic fundamentals worsen into 2H21.”