Thailand Set to Cut Rate in Last Meeting Before New Leadership
Sethaput Suthiwartnarueput, outgoing governor of the Bank of Thailand, speaks during a news conference in Bangkok in May.
Photographer: Valeria Mongelli/BloombergThe Bank of Thailand is expected to cut its key rate at the last meeting to be led by outgoing Governor Sethaput Suthiwartnarueput, as policymakers look to shield the economy from the risks of US tariffs and deflation.
The BOT’s Monetary Policy Committee could cut the benchmark one-day repurchase rate by a quarter-point to 1.5% on Wednesday, according to 14 of 23 economists in a Bloomberg News survey. The rest expect the central bank to leave the rate unchanged for a second straight meeting.