Thai Central Bank Seen Defying Pressure From Prime Minister to Urgently Cut Rate
- Most analysts see an off-cycle meeting as unlikely scenario
- Rate cuts are expected to happen at April’s scheduled meeting
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As Bank of Thailand comes under growing political pressure to cut interest rates, most analysts expect the monetary authority to resist calls for any off-cycle easing to support the economy.
The deepening rift between Prime Minister Srettha Thavisin and the central bank over monetary policy direction is bound to hurt investor confidence though the prospects of Sethaput Suthiwartnarueput’s exit as Bank of Thailand governor are slim, according to analysts from Barclays Bank Plc and Nomura Holdings Inc.