Goldman Sachs: Given the solid growth in the fourth quarter, the Bank of Thailand may keep interest rates unchanged.

Economists at Goldman Sachs wrote in a report that, given the stable growth momentum in Thailand's fourth quarter, the Bank of Thailand may maintain its policy interest rate in the first quarter. GDP grew by 2.5% year-on-year in the fourth quarter, higher than the 1.2% growth in the third quarter. These economists stated, "The latest data is significantly better than expected, exceeding the average expectations and even surpassing our upper forecast of 1.8%." Looking ahead, with strong factors such as strong project reserves driving it, investment momentum in Thailand may remain strong. Goldman Sachs maintains its expectation that the Bank of Thailand will keep interest rates unchanged in the first quarter and then cut rates in the second quarter.