Local economists say it is possible the Federal Reserve will hold interest rates steady for one year if US inflation and the labour market remain strong.
Kobsak Pootrakool, chairman of the Federation of Thai Capital Market Organizations (Fetco), said the US central bank is likely to either proceed with more rate hikes or keep the rate stable for this year.
“The current interest rate range of 5-5.25% has finally reached the same level as before the subprime lending crisis spanning 2005-09, signalling that hikes have neared a peak,” said Mr Kobsak, also a senior executive vice-president at Bangkok Bank.
SCB Chief Investment Office (SCB CIO)…
