(Bloomberg) — Thailand’s central bank is ready to take its foot off the pedal after driving borrowing costs to the highest in eight years, according to many economists.
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The Bank of Thailand on Wednesday raised its benchmark repurchase rate to 2% and signaled a tightening bias as it flagged lingering price risks, especially from tourism-led consumption and possibly higher spending by the incoming government.
Still, overall inflation that’s already within target and the BOT further lowering its 2023 price-growth forecast convinced many that it’s time to pause.
Here’s what some institutions wrote or said after the BOT hike:
Standard Chartered Bank Plc (Tim Leelahaphan)
- “We see upside risk to our terminal rate forecast of 2% and await further signals on this from the…
