0359 GMT - The Bank of Thailand is likely to deliver a pre-emptive rate cut this month, economists at UOB's Global Economics & Markets Research say in a note. As Thailand's post-pandemic rebound remains sluggish and uneven amid rising uncertainty over global trade, the BOT may need to implement a rate cut to bolster domestic demand and support growth, the economists say. Although there's risk that the BOT might keep rates unchanged, UOB still expects a 25bp cut to 2.00% at the Feb. 26 meeting. For the rest of 2025, UOB forecasts that the BOT will keep its policy rate unchanged at 2.00%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 02, 2025 22:59 ET (03:59 GMT)
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