The central bank is expected to leave its benchmark interest rate near record lows again on Wednesday, with the current level seen supporting the country's economic recovery while inflation stays benign. It has said financial conditions and ample liquidity are supportive of growth, and has warned of risks from a prolonged low interest rate environment. The strong baht and calls from the government and business groups for a rate cut failed to move the central bank at its September meeting. The BOT estimated annual growth for the July-September period at 4%, up from the June quarter's 3.7% pace. For 2018, eight of 10 analysts forecast rates would stay on hold, while two predicted a hike.

Source: Bangkok Post November 06, 2017 08:26 UTC