Ariya Tiranaprakij, Deputy Managing Director of Thai Bond Market Association, commented on the Interest Rate Expectation Index for September 2017 with the following details.

– The Interest Rate Expectation Index for the Bank of Thailand’s Monetary Policy Committee (MPC) meeting in September stands at 50, reflecting market confidence that the MPC will maintain its policy rate at 1.50% based on two main factors: 1) low inflation, and 2) the gradual growth of Thai economy.

– Interest Rate Expectation Indices for 5-year and 10-year government bond yields through the November MPC meeting (9 weeks hence) are at 69 and 68 respectively, which are lower than the previous levels of 74 and 75. These levels indicate uncertainty as to the future direction of these bond yields. Survey respondents had mixed opinions whether yields will go up or go down. They focus on two main factors affecting their outlook: 1) supply in the long-term bond market; and 2) US interest rate adjustments

Interest Rate Expectation Index Report
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