(Bloomberg) -- The Thai baht may extend its recent declines to test support at last year’s low amid growing pressure on the central bank to cut interest...
-- The Thai baht may extend its recent declines to test support at last year’s low amid growing pressure on the central bank to cut interest rates.Mark Zuckerberg’s Wealth Exceeds Elon Musk’s for the First Time Since 2020
“Headwinds from fiscal uncertainty and negative carry may continue to weigh on the baht in the near term,” said Moh Siong Sim, a foreign-exchange strategist at Bank of Singapore Ltd. “The latest economic activity data, which remains too weak for comfort, may justify an April rate cut although it would be tough to avoid the impression that political pressure added to the decision.”
“We think the Bank of Thailand will cut rates, which would be baht-negative via wider rate differentials, and perceptions of the central bank’s independence under threat,” said Nicholas Chia, a macro strategist at Standard Chartered Bank SG
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