The market's forecast of the probability of the Fed raising its policy rate at the next Federal Open Market Committee meeting March 14-15 is almost 100%. A strong private payroll report in February from the US made a rate hike a near certainty. Thailand's Monetary Policy Committee is slated to review its 2017 economic growth forecast and reveal an outlook for 2018 at its next meeting on March 29. Mr Mathee said the market has priced in the prospect of a Fed rate hike for a while, so capital outflows from Thai markets the next week should not be a big issue. Net offshore inflows to the Thai bond market earlier this year accounted for around US$2 billion, Mr Mathee said.

Source: Bangkok Post March 09, 2017 23:15 UTC