BENGALURU- The Bank of Thailand (BOT) will keep its key interest rate unchanged on Wednesday after a surprise October trim, according to a Reuters poll of economists, though they were divided on whether the bank would hold or cut early next year.
Consumer inflation has remained below the central bank’s target for most of this year but rose to 0.95 percent in November, edging closer to its lower-end target range of 1-3 percent.
Southeast Asia’s second-largest economy grew 3.0 percent annually last quarter – its fastest pace in two years – after lagging regional peers as it struggled under high household debt.
Momentum is likely to pick up this quarter and next year as tourism and exports, key drivers of growth, are expected to continue supporting the economy along with government stimulus measures, which began in September.
