0232 GMT - The Bank of Thailand is expected to keep its policy rate steady at 2.25% on Wednesday. Seven of the 10 economists polled by The Wall Street Journal forecast the central bank to stand pat, while three project a cut to 2.00%. There is a higher possibility for policymakers to preserve policy space for now, due to economic growth pick-up in 4Q and inflation uptick, DBS economists write in a report. However, they don't rule out a pre-emptive rate cut amid elevated uncertainties and credit deterioration. "We think an eventual rate cut in [1H] would come when clearer signs of a growth slowdown emerge particularly from the actual implementation of various U.S. tariff threats," they say.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 21:32 ET (02:32 GMT)
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