0349 GMT - Room for the Bank of Thailand to cut further is limited, say OCBC economists in a note. Assistant governor Sakkapop Panyanukul noted that "the bar for next rate cut is high" and that the BOT sees the current rate as neutral, OCBC says. However, pressure on the central bank to cut further is unlikely to be alleviated, given a relatively anaemic growth outlook, OCBC says. "The onus is on the government to address to uplift growth through cyclical and structural reform policies," it adds. OCBC expects the BOT to remain on hold for the rest of this year. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 22:49 ET (03:49 GMT)
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