US Fed expected to maintain current interest rate

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US Fed expected to maintain current interest rate

 

BANGKOK, 25 July 2017 (NNT) - The US Federal Reserve will hold its fifth annual meeting on July 25th-26th, with Kasikorn Research Center predicting it will maintain the current interest rate. 

Kasikorn Research Center said the current decrease in inflation should prompt the Fed to maintain the current interest rate at 1 - 1.25 percent. 

However, indications of a further rate hike in the future may bring volatility to the currencies of emerging markets, including Thailand.

Meanwhile, the International Monetary Fund has forecast that the global economy will grow by 3.5 and 3.6 percent in 2017 and 2018, respectively. On the other hand, it has slashed its growth forecast for the US economy to 2.1 percent, due to uncertainty in its financial policy.

 

-- nnt 2017-07-25