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2026-02-16 14:58:44
[Thailand's GDP Grows Beyond Expectations; Goldman Sachs Expects Central Bank to Keep Rates Stable in Q1] Goldman Sachs economists point out that supported by robust growth in the fourth quarter, the Bank of Thailand is likely to maintain its policy rate unchanged in the first quarter. Data shows that fourth-quarter GDP grew by 2.5% year-on-year, significantly higher than the 1.2% in the third quarter, far exceeding market expectations and surpassing Goldman Sachs' upper forecast limit of 1.8%. The economists stated in the report that looking ahead, thanks to factors such as a strong project pipeline, Thailand's investment momentum is expected to continue. Goldman Sachs maintains its previous forecast that the Bank of Thailand will hold rates steady in the first quarter and then implement a rate cut in the second quarter.
