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Thai Central Bank Tempers Rate Cut Bets as Trade Shocks Linger - BLOOMBERG
Thailand’s central bank tamped down on expectations of more rate cuts to deal with a worsening growth outlook, with officials saying they need to preserve the limited policy space to guard against future shocks stemming from a global trade war.
The current monetary policy remains “accommodative and will help cushion future risks to some extent,” the Bank of Thailand said in a presentation at an analysts’ conference in Bangkok Wednesday. A back-to-back rate cut last month — the first one in five years — has left the monetary authority with limited policy room, BOT’s Deputy Governor Piti Disyat said at the same event, adding the focus now is to preserve the space to deal with uncertainties.
