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.
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