April 24, 2024

Investors See Weak Thailand Economy as Reason for Central Bank to Cut Rates

Growing political pressure aside, Thailand’s weak economy adds to the case for the central bank to cut interest rates sooner rather than later, according to money managers.

Prime Minister Srettha Thavisin escalated calls for the Bank of Thailand to trim rates in an off-cycle decision following surprise weakness in fourth-quarter growth. While the push goes against Economics 101 that monetary-policy making should be independent, the country’s deflationary streak had already given rise to bets that policy easing is on its way.

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