Analysts: The Central Bank of Thailand is expected to continue lowering interest rates.

On August 20, Jin10 reported that analysts at CGS International stated in a research report that the Bank of Thailand may continue to cut interest rates. They indicated that the central bank had signaled during a meeting earlier this month that the policy rate could be further lowered. Analysts expect that Veerath Ratanakorn, who will take over as the new governor on October 1, will lower the policy rate by 25 basis points in both October and December, reducing the rate from the current 1.50% to 1.00%. Analysts noted that considering the Fed is expected to cut interest rates before the end of the year, this would allow the Bank of Thailand to continue easing monetary policy without excessive concerns about capital outflows.