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The Bank of Thailand kept its one-day repurchase rate unchanged at a record low of 1.25 percent. It cut its 2019 GDP growth forecast to 2.5 percent and its 2020 forecast to 2.8 percent, citing weak exports hit by the US-China trade war and a strong baht.
Capital Economics and Tisco expect a further rate cut next year.
Weak Thai export growth and a slowing economy point to softer regional demand for imported feed inputs. Further monetary easing could weaken the baht over time, a modest support for Thai export competitiveness.
singapore.timesofnews.comTimes of NewsDec 18, 2019Not 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.
