# State of Thai economy will make rate cuts inevitable, says UOB economist

> 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.

- Date: 2024-05-08 · published 2024-05-08T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/30571-state-of-thai-economy-will-make-rate-cuts-inevitable-says-uob-economist
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/banking-finance/40037866

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.