# Thailand: Economy isn’t screaming out for tighter policy, yet | articles | ING THINK

> ING raised its year-end USD/THB forecast to 33.5 from 35.0 because the baht has been one of Asia's outperformers since July. July's trade balance swung to a $516 million deficit from a $1.6 billion surplus, and ING expects the full-year surplus to narrow by $8-9 billion.

- Date: 2018-08-23 · published 2018-08-23T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/63790-thailand-economy-isn-t-screaming-out-for-tighter-policy-yet-articles-ing-think
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A narrowing Thai trade surplus and a firmer baht reflect weaker export demand and currency pressure that affects Thai import purchasing power, with minimal direct grain price impact.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/articles/thailand-economy-isnt-screaming-for-monetary-tightening-just-yet/

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