The Bank of Thailand has released its bond issuance programme for 2023, which aims to manage money market liquidity and develop a liquid and efficient debt securities market in Thailand. The programme takes into account the projected liquidity condition in the market, the expected demand for public debt securities, and the financing needs of the government. The BOT will support the development of THOR-linked floating-rate bonds as a new reference rate. Changes to the programme include adjusting the range of auction size for 3-month bills and 2-year fixed-coupon bonds and reducing the number of issues per year for 2-year floating-rate bonds. Auction sizes will be determined based on market conditions and monthly auction calendars will be announced on the BOT website.
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Outlook Quarter 3/2024
Global economic growth is expected to slow in the latter half of 2024, but a soft landing is likely due to factors like interest rate reductions and strong momentum in major economies. Thailand’s economy is forecasted to grow modestly, with challenges in industries like automotive and SMEs.
