Louder Calls For Bank of Thailand To Cut Rates

Growing signs that political limbo in Thailand is taking a toll on the economy raises pressure on the Bank of Thailand (BOT) to pull the rate-cut trigger as soon as its next meeting, analysts say.

Thailand’s central bank resisted the urge to lower interest rates at its last meeting in January – contrary to expectations for monetary easing against a backdrop of political turmoil that has harmed tourism and investor confidence.

Data on Monday showing the Thai economy, the second biggest in Southeast Asia, grew 2.9 percent last year compared with a 6.5 percent rise in 2012 may sway the BOT when it next meets on March 12.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu