Thai institutional investors foresee policy interest rate cut in 2024

The Association of Investment Management Companies (AIMC) disclosed that institutional investors anticipate Thailand’s policy interest rate to reduce by 0.25% to 2.25% this year. Investors are encouraged to take a heavyweight stance on fixed-income assets.

Chavinda Hanratanakool, AIMC chairwoman, conveyed the results of a survey conducted amongst institutional investors. The survey explored their views on economic conditions and interest rate trends. The primary concern remains the global economy, which is predicted to either stabilise or experience some deterioration throughout the year.

The survey, undertaken in December’s closing days, demonstrated a predominantly positive outlook from Thai fund managers. They value the direction of interest rates, inflation levels, and economic growth as encouraging aspects for investment. However, political stability could pose a potential…