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Thai Prime Minister Srettha Thavisin asked the central bank to hold an unscheduled Monetary Policy Committee meeting to cut rates. He said the latest data show the economy is in crisis.
The request followed weak fourth-quarter GDP data.
Political pressure for emergency easing raises the chance of a weaker baht if the central bank yields, which would raise dollar-denominated feed import costs for Thai buyers.
bloomberg.comSuttinee (Ying) YuvejwattanaFeb 19, 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.
