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Saturday, May 4, 2024

Bangkok Post – Pundits predict BoT rate cut in H2

Move in line with Fed rate cut decisions

A bank employee gathers baht notes at a branch of Kasikornbank. The policy rate is expected to be slashed from the current rate of 2.5% to 2% this year, according to Mr Amonthep. (Photo: Reuters)

Economists predict the Bank of Thailand (BoT) will start to cut its policy rate in the second half to 2% in line with the country’s economic situation and based on the assumption of a United States Federal Reserve (Fed) policy rate cut in the second quarter.

Amonthep Chawla, chief economist of CIMB Thai Bank (CIMBT), said he expects the…

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