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Moody's: The Bank of Thailand may cut interest rates by 25 basis points this week.

Breakings ·  Jun 23 12:24

Moody's Analytics stated in a report that the Bank of Thailand may lower its policy interest rate by 25 basis points to 1.5% on Wednesday. With the escalating geopolitical tensions in the Middle East, Thailand's economic outlook is continuously deteriorating, and the risks brought by U.S. trade policies are expected to lead the Bank of Thailand to support the economy. The report indicates that in this environment, businesses will be cautious about investments. Moody's Analytics pointed out that tourism was a major driver of the country's economic growth last year, but human trafficking incidents that occurred in early 2025 have impacted the tourism industry. Following a 7.6% decline in April, the number of tourists decreased by 13.9% year-on-year in May.

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