(Bloomberg) -- As the Bank of Thailand prepares to review monetary policy settings Wednesday, investors will be watching for any sign that the prime...
-- As the Bank of Thailand prepares to review monetary policy settings Wednesday, investors will be watching for any sign that the prime minister’s relentless campaign for rate cuts is influencing the central bank.Seventeen of the 24 analysts surveyed by Bloomberg expect the BOT to keep its benchmark interest rate steady at 2.50% for a third straight meeting, with the rest seeing the possibility of a quarter-point cut.
That said, a senior central banker did offer cues that policy is closer to a change. The BOT will weigh the need and timing of adjusting its neutral interest-rate stance at Wednesday’s meeting, Assistant Governor Piti Disyatat said in an interview to Bloomberg Television last month.While an easing, if there is one, will be the first since 2020, Piti did caution that a recalibration in rates if any shouldn’t be viewed as the start of an easing cycle.
Weak global demand, decline in manufacturing and delayed public spending have weighed on the nation’s economy, which last year expanded by 1.9% — extending a decade of average sub-2% growth that’s the slowest in Southeast Asia. SC2 Inc. is pleased to announce an offer to purchase up to 21,621,621 common shares of Sherritt International Corporation at a price of $0.37 per common share , payable in cash.Spring Art Holdings Berhad's Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
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