SCB FM points out that the baht is strengthening rapidly, watch for short-term depreciation from Tariffs, expecting the MPC to cut interest rates - Money & Banking Magazine

Siam Commercial Bank strategists said the baht strengthened quickly to near 33.00 per dollar after the US postponed tariff increases, driven by a weaker dollar. They expect the baht to weaken again in the short term toward 33.50-34.50 per dollar, and they expect the central bank to cut rates in the second quarter.