Bank of Thailand Seen Cutting Rate as New Governor Takes Helm

New Bank of Thailand Governor Vitai Ratanakorn is likely to preside over the country’s fourth interest rate cut this year, aiming to revive an economy struggling with a strong baht and falling consumer prices.

The BOT Monetary Policy Committee will cut the one-day repurchase rate by a quarter point to 1.25% on Wednesday, according to 19 of 26 economists in a Bloomberg News survey. One forecasts a 50 basis point cut, while six expect a pause amid uncertainties ranging from global trade to domestic politics.