Policy rate cut looms in Thailand

The interest rate stands pat at 3% and analysts foresee a rising chance of a further rate cut.

According to BBVA Research, the Bank of Thailand (BOT) held its overnight interest rate at 3.0%, as expected. The bank mentioned that "the impact of slower global demand on the Thai economy had increased to some extent.” Therefore, the chances of a rate cut in the coming months are rising as the impact from the global downturn in Thailand's economy becomes apparent, and as the BOT is facing increasing political pressure to ease policy

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