Trade
Bank of Thailand Says Trump Tariffs Won’t Yet Force Rate Cut
- ‘Quite substantial’ shock needed for the BOT to revise stance
- Thai supply chain role create risks from US tariffs on China
The Bank of Thailand complex in Bangkok.
Photographer: Andre Malerba/BloombergThis article is for subscribers only.
Thailand’s central bank defended its monetary policy stance as “robust” enough to withstand volatility from US President Donald Trump’s latest tariffs on trading partners, signaling that it may refrain from further easing after last week’s surprise cut.
“Our latest cut is calibrated to be robust to many scenarios including the escalation of tariffs,” Bank of Thailand Deputy Governor Piti Disyatat said in a Bloomberg TV interview on Tuesday in Bangkok. Piti is part of the BOT’s seven-member Monetary Policy Committee.