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Bangkok Post

Business

StanChart sees no rate hike until 2023

Standard Chartered Bank of Thailand Tim Leelahaphan US Federal Reserve Thailand

Mr Tim says the bank forecast Thai economic growth of 5% in the second half this year, rising from projected growth of 1.5% in the first half.

Standard Chartered Bank (Thai) expects the Bank of Thailand to start taking a hawkish stance on the policy rate in June, though an actual rate hike might have to wait until the second half of next year.

The bank predicts the Bank of Thailand will keep its policy rate unchanged at 0.5% until the middle of 2023 to support the economic recovery because growth is the central bank's priority.

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