Macroeconomic Forecast Thailand

Thailand's economy is facing considerable headwinds compared to the other countries in the region amid an unstable political situation. Although we are seeing some signs of a revival in the critical export sector and the tourism sector, we believe that the Bank of Thailand (BoT) is likely to maintain an accommodative policy to ensure that the economic recovery is on a firmer footing. As such, we expect the BoT to keep the benchmark repo rate at 1.25% through H110, before embarking on a series of mild rate rates, taking the benchmark rate to 1.75% by end-10.

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