BANKBackground
Bank of Thailand expected to keep rate at 1%
The Bank of Thailand's Monetary Policy Committee is expected to unanimously maintain the policy rate at 1% at its meeting on Wednesday, supported by better-than-expected Q2 GDP growth. The baht has strengthened against a weak US dollar, with analysts predicting it will trade in a range of 23.35-23.53 per dollar this week. Inflation is expected to rise gradually but remains below target.
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