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UOB economist Enrico Tanuwidjaja expects the Bank of Thailand to cut its policy rate twice this year, by 0.25 points each in June and August, taking it from 2.50% to 2.0%. He cited low exports, high household debt, weak consumption and stable low inflation.
He said the cuts would put short-term pressure on the baht.
Lower Thai rates would weaken the baht, raising the cost of imported feed for Thai livestock and poultry producers. The global price effect is limited.
nationthailand.comMay 8, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
