Economics
Worst Thai Drought in a Decade Adds Pressure for a Rate Cut
- Nomura says coordinated easing needed if dry spell persists
- Poor rain adding to risks such as impact of U.S.-China tension
This article is for subscribers only.
The drought in Thailand threatens to exacerbate a sharp slowdown in economic growth and intensify pressure on the central bank to loosen monetary policy.
The dry conditions are the worst in a decade, and farming heartlands in the northeastern region are among the hardest hit, according to the Meteorological Department.