Pedestrians pass a KBank currency exchange booth in Bangkok last month. (Photo: Somchai Poomlard)
Kasikornbank (KBank) expects the baht to bottom out in the next two months, depending mainly on the US Federal Reserve’s benchmark interest rate hike.
It also expects the Bank of Thailand to increase its benchmark interest rate two times this year.
KBank assesses the Monetary Policy Committee (MPC) will increase its policy rate by a quarter-point at its meeting in August.
Then the central bank will maintain the rate at its September meeting to monitor the economic outlook, especially for inflation and the foreign exchange rate, said KBank.
The MPC is expected to increase the policy rate again by 25 basis points in November, which is…
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