	Symbol	Bid	Ask
	EURUSD	1.2847	1.285
	GBPUSD	1.5041	1.5044
	USDJPY	103.14	103.17
	USDCHF	0.9796	0.9799
	USDCAD	1.0374	1.0377
	EURJPY	132.53	132.56
	EURCHF	1.2586	1.2591
	GBPJPY	155.11	155.18
	GBPCHF	1.4734	1.4741
	GOLD	1366.88	1367.48
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Research: Bank of Thailand Likely to Keep Rates on Hold until End-Q2

Quotes from Barclays Capital:

-In light of today's strong economic report in Thailand, we see upside risks to our 4.5% GDP growth forecast for 2012 and -1.1% y/y estimate for Q1 12. The central bank is forecasting 5.7% for 2012 and higher inflation as well.

-Even though we expect the BoT to keep rates on hold in its meeting on Wednesday 2 May, this view of stronger growth and high inflation supports our base case that it will keep rates on hold until end-Q2, when we think it may start withdrawing monetary stimulus as the economy returns to "normal" (neutral output gap) in Q3 12.

Published: 2012-04-30 11:59:00 UTC+00

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May 22 at 23:00 UTC