0329 GMT - Bank of Thailand is expected to keep its policy rate unchanged at 2.25% in December after having made an unexpected cut on Wednesday, UOB economists write in a note. The central bank's tone was relatively dovish compared to previous meetings, but the economists note that it didn't make major revisions to macroeconomic projections and financial stability continues to be a top priority. "BOT also remains concerned about financial imbalances that could arise from a persistently low policy rate," they add. UOB expects only one rate cut in 2025, penciling in a 25bp reduction in 1Q before the policy rate is held at 2.0% through the rest of the year.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
October 16, 2024 23:29 ET (03:29 GMT)
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